Virginia § 58.1-4011 Meaning of "gross receipts."

Virginia Statutes

§ 58.1-4011 — Meaning of "gross receipts."

Virginia § 58.1-4011

JurisdictionVirginia

Title 58.1TAXATION

Subtitle IVOTHER SOURCES OF STATE REVENUE

Ch. 40Virginia Lottery Law; Sports Betting

Art. 1Powers and Duties of Virginia Lottery Board; Administration of Tickets and Prizes

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Bluebook

Va. Code Ann. § 58.1-4011 (2026).

Text

A.Notwithstanding the provisions of Chapter 37 (§ 58.1-3700 et seq.) or § 58.1-4025 relating to local license taxes, the term "gross receipts" as used in Chapter 37 shall include only the compensation actually paid to a licensed sales agent as provided by rule or regulation adopted by the Board consistent with the provisions of subdivision A 11 of § 58.1-4007.

B.Unless otherwise provided by contract, any person licensed as a lottery agent who makes rental payments for the business premises on which state lottery tickets are sold on the basis of retail sales shall have that portion of rental payment based on sales of state lottery tickets or shares computed on the basis of the compensation received as a lottery agent from the Virginia Lottery.

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A. Notwithstanding the provisions of Chapter 37 (§ 58.1-3700 et seq.) or § 58.1-4025 relating to local license taxes, the term "gross receipts" as used in Chapter 37 shall include only the compensation actually paid to a licensed sales agent as provided by rule or regulation adopted by the Board consistent with the provisions of subdivision A 11 of § 58.1-4007.

B. Unless otherwise provided by contract, any person licensed as a lottery agent who makes rental payments for the business premises on which state lottery tickets are sold on the basis of retail sales shall have that portion of rental payment based on sales of state lottery tickets or shares computed on the basis of the compensation received as a lottery agent from the Virginia Lottery.