§ 58.1-1733 Disposition of proceeds
After the administrative costs for collecting the fees are recovered by the Department of Taxation, the remaining revenues shall be divided as follows:
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.
History
This law was first created in 2009. The record of its establishment is cataloged in chapter 531 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2009, c. 531.