Last Action | signed by Governor (Acts, ch. 04) |
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Title | AN ACT relating to pari-mutuel wagering and declaring an emergency. |
Bill Documents |
Bill
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Bill Request Number | 262 |
Sponsors | D. Keene, D. Osborne, K. Flood, J. Kay, R. Palumbo, S. Santoro, S. Westrom |
Summary of Original Version | Amend KRS 138.510 to exempt a two day international horse racing event that distributes more than $20,000,000 in purses and awards from the excise tax imposed on pari-mutuel wagering; make the exemption apply to money wagered at the track on live races conducted at the track during the international event; exclude money wagered at the track on live races conducted at the track during the international event from the calculation of the track's daily average live handle; extend the exemption to any other two day international horse racing event if it is held within four years of the most recent two day international horse racing event in the state; EMERGENCY |
Index Headings of Original Version |
Effective Dates, Emergency - International horse racing event, pari-mutuel excise tax exemption for Gambling - International horse racing event, pari-mutuel excise tax exemption for Licensing - International horse racing event at licensed tracks, pari-mutuel excise tax exemption for Racing - International horse racing event, pari-mutuel excise tax exemption for Taxation - International horse racing event, pari-mutuel excise tax exemption for Retroactive Legislation - January 1, 2015, excise tax exemption |
Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
01/07/15 |
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01/09/15 |
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02/26/15 |
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02/27/15 |
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03/02/15 |
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03/03/15 |
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03/04/15 |
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03/10/15 |
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03/11/15 |
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03/17/15 |
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Amendment | House Committee Substitute 1 |
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Impact Statements | Fiscal Note |
Summary | Amend KRS 138.510 to exempt a two-day international horse racing event that distributes more than $20,000,000 in purses and awards from the excise tax imposed on pari-mutuel wagering; make the exemption apply to money wagered at the track on live races conducted at the track during the international event; exclude money wagered at the track on live races conducted at the track during the international event from the calculation of the track's daily average live handle; make the exemption effective from January 1, 2015, to December 31, 2017; EMERGENCY. |
Index Headings |
Effective Dates, Emergency - International horse racing event, pari-mutuel excise tax exemption for Gambling - International horse racing event, pari-mutuel excise tax exemption for Licensing - International horse racing event at licensed tracks, pari-mutuel excise tax exemption for Racing - International horse racing event, pari-mutuel excise tax exemption for Taxation - International horse racing event, pari-mutuel excise tax exemption for Retroactive Legislation - January 1, 2015, excise tax exemption |
Last updated: 1/16/2019 3:10 PM (EST)