Last Action | to Appropriations & Revenue (S) |
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Title | AN ACT relating to the taxation of advance deposit account wagering licensees and making an appropriation therefor. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 387 |
Sponsors | L. Clark, D. Osborne, D. Horlander, D. Keene, C. Miller, R. Palumbo, S. Santoro |
Summary of Original Version | Amend KRS 138.511 to define "advance deposit account wagering," "advance deposit account wagering licensee," "commission," "handle," "Kentucky resident," and "takeout"; create a new section of KRS 138.510 to 138.550 to impose a tax of one-half of one percent on amounts wagered through advance deposit wagering account licensees by Kentucky residents; amend KRS 138.530 to require the tax to be remitted weekly and to specify distribution of tax revenue; amend KRS 138.550 to specify penalty for failure to remit tax. |
Index Headings of Original Version |
Fiscal Note - Advance deposit account wagering, taxation of Gambling - Advance deposit account wagering, taxation of Licensing - Advance deposit account wagering licensees, taxation of Racing - Advance deposit account wagering, taxation of Taxation - Advance deposit account wagering, taxation of |
Votes | Vote History |
01/09/12 |
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01/11/12 |
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02/16/12 |
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02/21/12 |
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02/22/12 |
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02/24/12 |
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02/27/12 |
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02/29/12 |
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Last updated: 8/27/2019 8:05 PM (EDT)