By 
Governor Bob McDonnell of Virginia recently signed a wine bill into law. The new law, which is said to promote Virginia’s wine industry, will work to more than double the size of the state’s wine industry. Prior to the signing of this bill into law, Virginia’s wine industry had received 33% of all tax revenue from the wine liter tax placed on Virginia wines. The new law allows Virginia wineries to receive 100% of all tax revenues from the wine liter tax.
Additionally, a proposed budgeting system adapted by the law will allow for more funding to support research, viticulture education and technology, and promotion. The wine industry is said to receive a total of $1.3 million in the next fiscal year, which is a big improvement from the $580,000 it received last fiscal year. Governor McDonnell stated that the legislation seeks to put more money into marketing and tourism to promote the Virginia wine industry and inform individuals of Virginia’s wines.
(Source: McDonnell Signs New Wine Legislation at Local Vineyard.)
DISCLAIMER: This blog post is not intended as legal advice, and no attorney-client relationship results. Please consult your own attorney for legal advice.
This post is for general information purposes only and is not legal advice. Reading it does not create an attorney-client relationship.
