Last Action | to Appropriations & Revenue (H) |
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Title | AN ACT relating to the taxation of advance deposit wagering licenses and making an appropriation therefor. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1853 |
Sponsor | L. Clark |
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, effective August 1, 2014; 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 licensees, 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 |
03/04/14 |
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03/05/14 |
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Last updated: 8/27/2019 6:52 PM (EDT)