Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-4011
Meaning of "gross receipts."
# 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.
Source: view the official text
Nearby sections (25 sections)
- 58.1-4003 · Virginia Lottery established
- 58.1-4004 · Membership of Board; appointment; terms; vacancies;…
- 58.1-4005 · Appointment, qualifications and salary of Director
- 58.1-4006 · Powers of the Director
- 58.1-4006.1 · Use of the phrase "Virginia is for Bettors" prohibited;…
- 58.1-4007 · Powers of the Board
- 58.1-4007.1 · Lottery tickets to bear telephone number for compulsive…
- 58.1-4007.2 · Repealed
- 58.1-4007.3 · Posting of illegal gaming tip line; problem gambling…
- 58.1-4008 · Employees of the Department; background investigations of…
- 58.1-4009 · Licensing of lottery sales agents; penalty
- 58.1-4010 · Authority of persons licensed as lottery sales agents;…
- 58.1-4011 · Meaning of "gross receipts."
- 58.1-4012 · Suspension and revocation of licenses
- 58.1-4013 · Right to prize not assignable; exceptions
- 58.1-4014 · Price of tickets or shares; who may sell; penalty
- 58.1-4014.1 · Method of payment for purchase of tickets or shares
- 58.1-4015 · Sale of ticket or share to person under eighteen…
- 58.1-4015.1 · Voluntary exclusion program
- 58.1-4016 · Gift to minor prohibited
- 58.1-4017 · Alteration and forgery; presentation of counterfeit or…
- 58.1-4018 · Prohibited actions; penalty
- 58.1-4018.1 · Larceny of tickets; fraudulent notification of prizes;…
- 58.1-4018.2 · Ticket discounting; civil penalties
- 58.1-4019 · Certain persons ineligible to purchase tickets or shares or…