Code of Virginia § 58.1-1733. Disposition of proceeds.
76 words·~1 min read·
/va/title-58-1/chapter-17/58-1-1733·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. 531 .