Va. Small Business Economic Dev. Act; established, regulation and taxation of skill game machines.

This legislation establishes a comprehensive regulatory and taxation framework for skill game machines across Virginia. By formally bringing these devices into the legal marketplace, the act mandates that operators secure specific licenses and comply with state-monitored safety and fairness protocols. Critically, the bill imposes a new tax structure on the revenue generated by these machines, funneling those proceeds into state and local government funds. For Arlington residents and small business owners, this means that establishments offering these games—such as convenience stores and restaurants—will now operate under clear state oversight rather than legal ambiguity. The shift is expected to generate significant recurring tax revenue for public services while simultaneously curbing the proliferation of unregulated machines, providing a more stable and transparent environment for the local business community.