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Committee approves substitute for HB 1742 to split racing tax proceeds, add problem-gambling funding

January 16, 2025 | 2025 Legislature VA, Virginia


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Committee approves substitute for HB 1742 to split racing tax proceeds, add problem-gambling funding
House Bill 1742, patroned by Delegate Reid, was presented to the House General Laws Committee with a substitute that alters how a portion of gaming tax revenue is allocated and increases funding for problem-gambling treatment. The committee approved the substitute and recommended the bill be referred to the Appropriations Committee.

Under the substitute as described in the committee record, an original 0.25 percent allocation designated for the Shenandoah County Fair Association is split into two equal parts: 0.0125 percent to the Shenandoah County Fair Association and 0.0125 percent to the Great Meadow Foundation. The substitute also adds a 0.025 percent allocation to the problem gambling treatment and support fund. The substitute text, as explained by the subcommittee report, describes the allocations as intended to support promotion, education, maintenance and safety of horse racing at such facilities.

The substitute was moved, seconded and approved on the committee floor; the clerk recorded that the bill "reports with a substitute and as we refer to Appropriations." The transcript does not include a roll-call tally for the full committee action on the substitute in the portions provided.

Because the transcript records a numeric description that appears to conflict with existing code language (the speaker refers to the current code percentage as "point 1" while stating the substitute would set a new allocation at "0.025"), the exact current statutory percentage and the net change should be confirmed from the bill text or the Code of Virginia before publication or reporting beyond these committee proceedings.

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Scribe from Workplace AI
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