SB 203 — Casino gaming; eligible host cities, limits on local referendums.

SESSION INTRODUCEDSENATE 22100709DSUBSTITUTE I22105509D SENATE BILL NO.

203 OfferedAMENDMENT JanuaryIN 12,THE 2022NATURE NOF PrefiledA JanuarySUBSTITUTE 10,(Proposed 2022by Tthe Senate Committee on General Laws and Technology on February 2, 2022) (Patron Prior to Substitute––Senator Morrissey) A Bgaming;BILL to amend and reenact §§ 58.1-4107 and 58.1-4123 of the Code of Virginia, relating to casino Be it enacted by the General Assembly of Virginia:referendums.

eligible1. host cities;

limitation on local referendums.e of Virginia, relating to casRno –––––––––– Patrons––Morrissey;

Delegate:

Taylor O –––––––––– D Referred to Committee on General Laws and Technology –––––––––– U Be it enacted by the General Assembly of Virginia:

C 1.

§ 58.1-4107.

Eligible host city;

certification of preferred casino gaming operator.

E 1.

Any city (i) in which at least 40 percent of the assessed value of all real estate in such city is exempt from local property taxation, according to the Virginia Department of Taxation Annual Report for Fiscal Year 2018, and (ii) that experienced a population decrease of at least seven percent from 1990 to 2016, according to data provided by the U.S.

and (iii) a population decrease of at least 20 3.percent from 1990 to 2016, according to data provided by the U.S.

AnyCensus cityBureau; that (i) had an annual unemployment rate of at least 3.6 percent in 2018, according to data provided by the U.S.

data provided by the U.S.

(ii) had an annual poverty rate of at least 2020o percent in 2017, according to data provided by the U.S.

(iii) experienced a populationpopuTation decrease of at least four percent from 1990 to 2016, according to data provided by the U.S.

and (iv) is located adjacent to a state that has adopted a Border Region Retail TourismTourismE Development District Act;

Any city (i) with a population greater than 200,000 according to the 2018 population estimates from24 percent of the Weldonassessed Coopervalue Centerof forall Publicreal Serviceestate ofin such city is exempt from local property taxation, according to the UniversityVirginia Department of Virginia;Taxation Annual Report for Fiscal Year 2018;

(ii)and in(iii) whichthat experienced a population decrease of at least accordingfive topercent thefrom Virginia1990 Departmentto of2016, Taxationaccording Annualto ReportdataUprovided forby Fiscalthe YearU.S. 2018;

and (iii) thattion, experienced a population decrease of at least five percent from 1990 to 2016, according to data provided by the U.S.

and B 5.

Anya. city (i) with a population greater than 200,000 according to the 2018 population estimates :

35Any fromcity (i) with a population greater than 200,000 according to the Weldon2018 Cooperpopulation Centerestimates for24 Publicpercent Serviceof the assessed value of all real estate in such city is exempt from local property taxation, according to the UniversityVirginia Department of Virginia;Taxation Annual Report for Fiscal Year 2018;

(ii)and in(iii) whichthat athad least 36 24a percentpoverty ofrate the assessed value of allat realleast estate24 percent in such2017, city is exempt from local property taxation, 37 according to thedata Virginiaprovided Departmentby ofthe TaxationU.S. Annual Report for Fiscal Year 2018;

and (iii) that had 38 a poverty rate of at least 24 percent in 2017, according to data provided by the U.S.

and6.or 37 b.

Any city (i) in which at least 17 percent of the assessed value of all real estate in such city is 38 exempt from local property taxation, according to the Virginia Department of Taxation Annual ReportReTort 39 for Fiscal Year 2016;

(ii) that had a poverty rate of at least 2421 percent in 2019, according toUdata percent in 2020, according to data provided by the U.S.

CensusBureau Bureau;of Labor Statistics.of at least 13 B.

and (iii) that had an annual unemployment rate of at least 13 percent in 2020, according to data provided by the U.S.

Bureau of Labor Statistics.

B.

E 1.

3.2.

The proposedtotal capitalvalue investment and the financial health of the proposer and any proposed developmentcasino partners.gaming establishment.

development partners.pital investment and the financial health of the proposer and any proposed 4.

The economic development value of the proposed casino gaming establishment and the potentialpotentSal for community reinvestment and redevelopment in an area in need of such.

7.2 where there is only one location practicably available or land under a development agreement between a potential operator and the city, incorporated in the proposal.

Availability1 of8. city-owned assets and privately owned assets, such as real property, including potential operator and the city, incorporated in the proposal.