§ 58.1-4011. Meaning of "gross receipts."
A. Notwithstanding the provisions of Chapter 37 of this title or § 58.1-4025 of this chapter relating to local license taxes, the term "gross receipts" as used in Chapter 37 shall include only the compensation actually paid to a licensed sales agent as provided by rule or regulation adopted by the Board consistent with the provisions of subdivision 11 of subsection A of § 58.1-4007.
B. Unless otherwise provided by contract, any person licensed as a lottery agent who makes rental payments for the business premises on which state lottery tickets are sold on the basis of retail sales shall have that portion of rental payment based on sales of state lottery tickets or shares computed on the basis of the compensation received as a lottery agent from the State Lottery Department.
(1987, c. 531.)
Sections: Previous 58.1-4006 58.1-4007 58.1-4007.1 58.1-4007.2 58.1-4008 58.1-4009 58.1-4010 58.1-4011 58.1-4012 58.1-4013 58.1-4014 58.1-4014.1 58.1-4015 58.1-4016 58.1-4017 NextLast modified: April 16, 2009