09RS HB475

WWW Version
The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 475/FN (BR 1024) - L. Clark

AN ACT relating to the taxation of secondary pari-mutuel organizations and making an appropriation.
Create a new section of KRS 138.510 to 138.550 to define "advance deposit wagering provider," and "secondary pari-mutuel organization"; require an SPMO to pay an excise tax in the amount of three and one-half percent on all money wagered by a resident of Kentucky; require the tax to be reported and paid in the same manner as the pari-mutuel tax; direct the distribution of revenue; amend KRS 230.240 to vest the Kentucky Horse Racing Authority with jurisdiction over an SPMO; require an SPMO under the jurisdiction of the authority to be licensed; permit the authority to impose license fees; require the authority to establish conditions and procedures for licensing and a fee schedule.

Feb 23-introduced in House
Feb 24-to Appropriations & Revenue (H)

Legislature Home Page | Record Front Page