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Conventions Bring
f 22 Million into State
Richmond - Virginia’s convention facilities this year are scheduled to host some 700 groups with an estimated attendance of over 250,000 persons who are expected to place more than $22 million into the State’s economy, it was announced today by Irby N. Hollans, Jr., director of travel development of the Virginia State Chamber of Commerce.
The State Chamber’s 1965 Virginia Convention Calendar lists 697 meetings and conventions in 18 cities that are expected to draw at least 250,687 persons who are expected to spend about $22,561,830.
The Virginia cities reporting the largest number of conventions in 1965 include ArTington, Norfolk, Richmond, Roanoke, Virginia Beach and Williamsburg. The report states the average conventioneer spends approximately $30 a day during an average stay of three days. This does not include transportation to and from the convention site. About one-fourth (26.7%) of the conventioneer’s $30 daily expenditure goes to a hotel or motel for a room and incidentals, another one-fourth, (24.9%) goes for food (hotel/ motel operated restaurants 12.4%, other restaurants 12.5%), still another onefourth (25.1%) is spent for retail purchases and the remaining one-fourth (23.3%) is spent for beverages, amusements, local transportation, automobile maintenance and miscellaneous items. Copies of the Convention Calendar are available from the State Chamber’s Travel Development Department at 611 East Franklin Street, Richmond.
Veterans News
Veterans figuring their federal income taxes need not count as income any payments they have received for veterans benefits, since these payments are wholly tax-free. Dividends which veterans have received in 1964 on their GI insurance policies also are exempt from tax reporting. Although payments for bene’ fits are tax-free and need not be reported on 1964 federal income tax returns, interest efkned on GI life insurance dividends left on deposit is not a 'benefit” and is taxable Still tax-free are the proceeds of a GI life insurance policy, including the dividends themselves. Other benefits which need not
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