Lottery winnings; definitions

The following words and terms, when used in 23VAC10-140-280 through 23VAC10-140-284, shall have the following meanings, unless the context clearly indicates otherwise:

"Lottery Department" means the Virginia State Lottery Department.

"Lottery prize" means any single cash or noncash prize awarded by the Lottery Department as a result of winning any authorized lottery game.

"Virginia source income" includes, but is not limited to, (i) items of income, gain, loss, and deduction attributable to ownership of any interest in real or tangible personal property or a business, trade, profession, or occupation carried on in the Commonwealth; (ii) income attributable to intangible personal property, to the extent that such property is employed by the taxpayer in a business, trade, profession, or occupation carried on in the Commonwealth; and (iii) prizes awarded by the Lottery Department.