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House Bill 475

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the taxation of secondary pari-mutuel organizations and making an appropriation.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 1024
Sponsor L. Clark
Summary of Original Version 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.
Index Headings of Original Version Fiscal Note - KY Horse Racing Authority, excise tax on secondary pari-mutuel organization, establishment of
Gambling - KY Horse Racing Authority, excise tax on secondary pari-mutuel organization, establishment of
Racing - KY Horse Racing Authority, excise tax on secondary pari-mutuel organization, establishment of
State Agencies - KY Horse Racing Authority, excise tax on secondary pari-mutuel organization, establishment of
Taxation - Pari-mutuel wagering, excise tax on secondary pari-mutuel organization, establishment of

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02/23/09
  • introduced in House
02/24/09
  • to Appropriations & Revenue (H)


Last updated: 8/28/2019 8:17 AM (EDT)