| Last Action | to Licensing & Occupations (H) |
|---|---|
| Title | AN ACT relating to horse racing. |
| Bill Documents |
Bill
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| Bill Request Number | 144 |
| Sponsor | D. Osborne |
| Summary of Original Version | Amend KRS 138.510 to require a division of an amount equal to one percent of all money wagered on historical horse racing among the applicable breed funds based on percentage of the ownership of the associations participating in a commission-approved agreement; permit the commission to divide the one percent based upon criteria other than ownership interest, upon joint requests by the associations and with the consent of the applicable horsemen's organizations; amend KRS 230.260 to vest the commission with jurisdiction over any manufacturer, distributor, or vendor of any terminal, equipment, system, or software used to offer historical racing in Kentucky; require those entities to be licensed and permit the commission to impose a fee not to exceed $50,000; require the commission to promulgate administrative regulations to establish requirements, conditions, and procedures for licensing, as well as a fee schedule; specify that no determination is made as to the legality of wagering on historical horse racing or as to whether or not such wagering constitutes a pari-mutuel form of wagering. |
| Index Headings of Original Version |
Fees - Kentucky Horse Racing Commission, historical racing manufacturers and distributors, licensure of General Assembly - Historical horse racing, endorsement of legality, disclaimer of Licensing - Kentucky Horse Racing Commission, historical racing manufacturers and distributors, licensure of Racing - Historical horse racing, regulation of Taxation, Sales and Use - Historical horse racing, joint venture at single location, division of excise tax Boards and Commissions - Kentucky Horse Racing Commission, historical horse racing, regulation of |
| 12/07/15 |
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|---|---|
| 01/05/16 |
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Last updated: 1/16/2019 3:08 PM (EST)