                                 CODE OF VIRGINIA

LIMITED LICENSES; TRANSFER OF MEET; TAXATION; AUTHORITY TO ISSUE; LIMITATIONS
(§ 59.1-376)

A. Notwithstanding the provisions of &#xA7; 59.1-375 or &#xA7; 59.1-378 but
subject to such regulations and criteria as it may prescribe, the Commission is
authorized to issue limited licenses, provided such licenses shall permit any
holder to conduct a race meeting or meetings for a period not to exceed 14 days
in any calendar year, or in the case of a significant infrastructure limited
licensee, 75 days in any calendar year.

B. The Commission may at any time, in its discretion, authorize any organization
or association licensed under this section to transfer its race meeting or
meetings from its own track or place for holding races, to the track or place
for holding races of any other organization or association licensed under this
chapter upon the payment of any and all appropriate license fees. No such
authority to transfer shall be granted without the express consent of the
organization or association owning or leasing the track to which such transfer
is made.

C. For any such meeting the licensee shall retain and pay from the pool the tax
as provided in &#xA7; 59.1-392.

D. No person to whom a limited license has been issued nor any officer,
director, partner, or spouse or immediate family member thereof shall make any
contribution to any candidate for public office or public office holder at the
local or state level.

E. On and after July 1, 2026, in addition to all other taxes and fees imposed by
law, there is hereby levied a significant infrastructure facility limited
license tax upon any significant infrastructure limited licensee. Any such
licensee shall pay to the locality in which a significant infrastructure
facility for such licensee is located $110,000 for each live racing day at such
facility.

HISTORY: 1988, c. 855; 1991, c. 591; 2015, cc. 731, 751; 2025, c. 725.