Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
State or Territory: | Virginia |
Effected Jurisdiction: | Virginia |
Jurisdiction type:![]() | State or Territory |
Fiscal year ending In: | 2022 |
Program name: | Retail Sales and Use Tax Entitlement to Tax Revenue from Tourism Projects |
Program purpose:![]() | Tourism development |
Statutory authority:![]() | Section 58.1-385.1 of the Code of Virginia |
Abating jurisdiction(s):![]() | State of Virginia |
Applicable taxes: | Sales and Use Tax |
Method of abatement:![]() | Tax Exemption |
Provisions for recapture:![]() | (not specified) |
Gross revenue loss:![]() | $1,100,000 |
Reimbursement / offset:![]() | $0 |
Net revenue loss:![]() | $1,100,000 |
Type of loss:![]() | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.doa.virginia.gov/reports/ACFReport/2022/2022-ACFReport-for-w... |