Electronic gaming devices; regulation, penalties.

Virginia Small Business Economic DevelopmentAct established; regulation of skill games; registration; penalties.Establishes the Virginia Small Business Economic Development Act for the purpose of providing a regulatory and registration schemefor skill game machines in the Commonwealth. The bill directs theVirginia Alcoholic Beverage Control Authority to adopt emergencyregulations to implement the provisions of the bill and directs theDepartment of Taxation to collect a monthly tax of 15 percent fromthe gross revenue of each skill game machine from each skill gamedistributor.