color:redHtml> 09RS HB475
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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)

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