Virginia law requires electronic gaming manufacturers holding a permit to annually report their adjusted gross receipts and maintain detailed records for three years. Failure to file reports on time results in permit revocation, but extensions can be granted under certain conditions. The law also authorizes late fees for overdue reports.
Any electronic gaming manufacturer holding a permit issued by the Virginia Department must file annual reports of their adjusted gross receipts.
Failure to file within 30 days of the deadline results in automatic permit revocation, and the manufacturer cannot produce new devices until the report is filed and a new permit is obtained.
Yes, manufacturers can request an extension of up to 45 days if they request within 15 days of the due date and pay all projected fees.
Manufacturers are required to keep complete written records of all electronic gaming adjusted gross receipts for at least three years.