Virginia Code 58.1-1733: Disposition of proceeds.
Current as of: 2024 | Check for updates
|
Other versions
After the administrative costs for collecting the fees are recovered by the Department of Taxation, the remaining revenues shall be divided as follows:
Terms Used In Virginia Code 58.1-1733
- Department: means the Department of Taxation. See Virginia Code 58.1-1
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
1. Fifty percent shall be deposited into the state‘s general fund; and
2. Fifty percent shall be deposited into the Governor’s Motion Picture Opportunity Fund established under § 2.2-2320. All revenues deposited to the Fund shall be used for film incentive programs established by the Virginia Film Office.
2009, c. 531.