{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5933.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5933.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5933.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5933.html"}],"law_id":80568,"edition_id":1,"section_id":80568,"structure_id":14982,"section_number":"15.2-5933","catch_line":"Entitlement to tax revenues derived from the operation of facilities","history":"2019, c. 793; 2020, c. 467.","full_text":"A\n\n1. Upon execution of a binding development agreement for a sports or entertainment project, the City of Virginia Beach shall be entitled, subject to appropriation, to sales and use tax revenues defined in this chapter. The State Comptroller shall remit such sales and use tax revenues to the City of Virginia Beach on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the City of Virginia Beach, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600 et seq.).2\n\nAny entitlement of the City of Virginia Beach to receive sales and use tax revenues pursuant to the provisions of this chapter shall expire on July 1 following the twentieth anniversary of the completion of construction of the sports or entertainment project.B\n\nThe local governing body of the City of Virginia Beach may, by ordinance or resolution, fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a sports or entertainment project and any temporary sports or entertainment project developed under the provisions of this chapter.C\n\nIf a sports and entertainment project qualifies for entitlement to sales and use tax revenues pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2, the City of Virginia Beach shall remain eligible to receive sales and use tax revenues pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2.","order_by":null,"text":{"0":{"id":288653,"text":"1. Upon execution of a binding development agreement for a sports or entertainment project, the City of Virginia Beach shall be entitled, subject to appropriation, to sales and use tax revenues defined in this chapter. The State Comptroller shall remit such sales and use tax revenues to the City of Virginia Beach on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the City of Virginia Beach, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600 et seq.).","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A2"},"1":{"id":288654,"text":"Any entitlement of the City of Virginia Beach to receive sales and use tax revenues pursuant to the provisions of this chapter shall expire on July 1 following the twentieth anniversary of the completion of construction of the sports or entertainment project.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A","next_prefix":"B"},"2":{"id":288655,"text":"The local governing body of the City of Virginia Beach may, by ordinance or resolution, fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a sports or entertainment project and any temporary sports or entertainment project developed under the provisions of this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"3":{"id":288656,"text":"If a sports and entertainment project qualifies for entitlement to sales and use tax revenues pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2, the City of Virginia Beach shall remain eligible to receive sales and use tax revenues pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14982,"edition_id":1,"name":"Virginia Beach Sports or Entertainment Project","identifier":"59.2","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:51:17","date_modified":"2026-06-26 03:51:17","permalink":{"id":159827,"object_type":"structure","relational_id":14982,"identifier":"59.2","token":"15.2\/IV\/59.2","url":"\/15.2\/IV\/59.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60924,"structure_id":14982,"section_number":"15.2-5928","catch_line":"Definitions","url":"\/15.2-5928\/","token":"15.2\/IV\/59.2\/15.2-5928","metadata":false},{"id":73350,"structure_id":14982,"section_number":"15.2-5929","catch_line":"Powers","url":"\/15.2-5929\/","token":"15.2\/IV\/59.2\/15.2-5929","metadata":false},{"id":57163,"structure_id":14982,"section_number":"15.2-5930","catch_line":"Public hearings; notice; reports","url":"\/15.2-5930\/","token":"15.2\/IV\/59.2\/15.2-5930","metadata":false},{"id":84412,"structure_id":14982,"section_number":"15.2-5931","catch_line":"Bond issues","url":"\/15.2-5931\/","token":"15.2\/IV\/59.2\/15.2-5931","metadata":false},{"id":65620,"structure_id":14982,"section_number":"15.2-5932","catch_line":"Sports or Entertainment Project Financing Fund; use","url":"\/15.2-5932\/","token":"15.2\/IV\/59.2\/15.2-5932","metadata":false},{"id":80568,"structure_id":14982,"section_number":"15.2-5933","catch_line":"Entitlement to tax revenues derived from the operation of facilities","url":"\/15.2-5933\/","token":"15.2\/IV\/59.2\/15.2-5933","metadata":false},{"id":61820,"structure_id":14982,"section_number":"15.2-5934","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5934\/","token":"15.2\/IV\/59.2\/15.2-5934","metadata":false}],"previous_section":{"id":65620,"structure_id":14982,"section_number":"15.2-5932","catch_line":"Sports or Entertainment Project Financing Fund; use","url":"\/15.2-5932\/","token":"15.2\/IV\/59.2\/15.2-5932","metadata":false},"next_section":{"id":61820,"structure_id":14982,"section_number":"15.2-5934","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5934\/","token":"15.2\/IV\/59.2\/15.2-5934","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5933\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 793<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2020, chapter 467<\/a>.<\/p>","references":[{"id":84412,"section_number":"15.2-5931","catch_line":"Bond issues","order_by":null,"url":"\/15.2-5931\/"},{"id":65620,"section_number":"15.2-5932","catch_line":"Sports or Entertainment Project Financing Fund; use","order_by":null,"url":"\/15.2-5932\/"}],"refers_to":[{"id":73135,"section_number":"58.1-3851.1","catch_line":"Entitlement to tax revenues from tourism project","order_by":null,"url":"\/58.1-3851.1\/"},{"id":85374,"section_number":"58.1-3851.2","catch_line":"Entitlement to tax revenues from tourism project of regional significance","order_by":null,"url":"\/58.1-3851.2\/"},{"id":63208,"section_number":"58.1-600","catch_line":"Short title","order_by":null,"url":"\/58.1-600\/"}],"permalink":{"id":159849,"object_type":"law","relational_id":80568,"identifier":"15.2-5933","token":"15.2\/IV\/59.2\/15.2-5933","url":"\/15.2-5933\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5933\/","token":"15.2\/IV\/59.2\/15.2-5933","dublin_core":{"Title":"Entitlement to tax revenues derived from the operation of facilities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5933","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 1. Upon execution of a binding development agreement for a sports or entertainment project<\/span>, the City of Virginia Beach<\/span> shall be entitled, subject to appropriation, to sales and use tax revenues<\/span> defined in this chapter. The State Comptroller shall remit such sales and use tax revenues<\/span> to the City of Virginia Beach<\/span> on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the City of Virginia Beach<\/span>, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600<\/a> et seq.). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any entitlement of the City of Virginia Beach<\/span> to receive sales and use tax revenues<\/span> pursuant to the provisions of this chapter shall expire on July 1 following the twentieth anniversary of the completion of construction of the sports or entertainment project<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The local governing body<\/span> of the City of Virginia Beach<\/span> may, by ordinance<\/span> or resolution, fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a sports or entertainment project<\/span> and any temporary sports or entertainment project<\/span> developed under the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If a sports and entertainment project qualifies for entitlement to sales and use tax revenues<\/span> pursuant to the provisions of § 58.1-3851.1<\/a> or 58.1-3851.2<\/a>, the City of Virginia Beach<\/span> shall remain eligible to receive sales and use tax revenues<\/span> pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1<\/a> or 58.1-3851.2<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nENTITLEMENT TO TAX REVENUES DERIVED FROM THE OPERATION OF FACILITIES (\u00a7\n15.2-5933)\n\nA. 1. Upon execution of a binding development agreement for a sports or\nentertainment project, the City of Virginia Beach shall be entitled, subject to\nappropriation, to sales and use tax revenues defined in this chapter. The State\nComptroller shall remit such sales and use tax revenues to the City of Virginia\nBeach on a quarterly basis, subject to such reasonable processing delays as may\nbe required by the Department of Taxation. The State Comptroller shall make such\nremittances to the City of Virginia Beach, as provided herein, notwithstanding\nany provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7\n58.1-600 et seq.).\n\n 2. Any entitlement of the City of Virginia Beach to receive sales and use tax\n revenues pursuant to the provisions of this chapter shall expire on July 1\n following the twentieth anniversary of the completion of construction of the\n sports or entertainment project.\n\nB. The local governing body of the City of Virginia Beach may, by ordinance or\nresolution, fix and revise from time to time and charge and collect rates,\nrents, fees, ticket surcharges, or other charges for a sports or entertainment\nproject and any temporary sports or entertainment project developed under the\nprovisions of this chapter.\n\nC. If a sports and entertainment project qualifies for entitlement to sales and\nuse tax revenues pursuant to the provisions of § 58.1-3851.1 or\n58.1-3851.2, the City of Virginia Beach shall remain eligible to receive sales\nand use tax revenues pursuant to the provisions of this chapter; however, the\namount received pursuant to this chapter shall be reduced by the amount received\npursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2.\n\nHISTORY: 2019, c. 793; 2020, c. 467.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}