Code of Virginia (Last Updated:July 28, 2020) |
TITLE 58.1. Taxation |
SUBTITLE I. Taxes Administered By the Department of Taxation |
CHAPTER 17. Miscellaneous Taxes |
ARTICLE 8. Digital Media Fee |
SECTION 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. 2009, c. 2.2-2320 . |