HB 1272

Virginia Small Business Economic Development Act established; Virginia Alcoholic Beverage Control Authority; regulation and taxation of skill game machines; penalties. Establishes the Virginia Small Business Economic Development Act for the purpose of providing a regulatory and taxation scheme for skill game machines in the Commonwealth. The bill authorizes and specifies the registration requirements for the distribution, operation, hosting, and play of skill game machines, as defined in the bill. The bill imposes a monthly gaming tax equal to $800 per month for each skill game machine that a distributor licensee provided for play in the Commonwealth during the previous month. The bill directs the Board of Directors of the Virginia Alcoholic Beverage Control Authority to promulgate regulations by January 1, 2027, to implement the provisions of the bill and authorizes the Virginia Alcoholic Beverage Control Authority to grant a provisional registration, beginning July 1, 2026, to any entity that certifies that a skill game machine being distributed, operated, or placed in an establishment meets the definition and requirements of a skill game machine.