Last Action | 04/08/22: signed by Governor (Acts Ch. 124) |
---|---|
Title | AN ACT relating to pari-mutuel wagering and making an appropriation therefor. |
Bill Documents |
Acts Chapter 124
Current/Final Introduced |
Fiscal Impact Statement | Fiscal Note |
Bill Request Number | 1026 |
Sponsors | A. Koenig, A. Gentry |
Summary of Original Version | Amend KRS 138.510 to change the tax rate beginning August 1, 2022 on all tracks conducting pari-mutuel wagering, tracks conducting telephone account wagering, tracks participating as receiving tracks in intertrack wagering, and all tracks participating as receiving tracks displaying simulcasts and conducting interstate wagering thereon to 1.5 percent of all money wagered and to specify deductions from the revenue generated; amend KRS 138.513 to impose a tax beginning August 1, 2022 on all advance deposit account wagering licensees of 1.5 percent of all amounts wagered through the licensee by Kentucky residents; amend KRS 139.200 to exempt admission at tracks licensed under KRS Chapter 230 from the admission tax; amend KRS 137.190, 138.224, 138.226, 138.270, 138.344, 138.655, 138.675, 138.990, and 230.240 to conform; amend KRS 230.260 to require the racing commission to promulgate administrative regulations to establish a self-exclusion list and exempt the list from open records requirements, require historical horse racing machines to clearly display wagering information and clearly designate a method by which a player can make a choice in their wager; amend KRS 230.360 to conform; amend KRS 230.3615 to require breaks to be calculated to the penny; amend 230.378 and 230.380 to conform; amend KRS 230.400 to remove restrictions on races that may receive purse supplements; amend KRS 230.550 to include equine industry programs at the University of Louisville, the University of Kentucky, and the Bluegrass Community and Technical College in the fund; amend KRS 230.750 to require breaks to be calculated to the penny; amend KRS 230.770 to remove restriction on the standardbred development fund limiting it to races that admit only Kentucky-bred horses; amend KRS 230.781 and 230.783 to conform; repeal KRS 138.480, 138.490, and 230.555. |
Index Headings of Original Version |
Administrative Regulations and Proceedings - Horse Racing Commission, self-exclusion list Gambling - Pari-mutuel wagering tax Public Records and Reports - Open records act exemption, self-exclusion list Racing - Horse racing, pari-mutuel wagering tax Taxation - Advance deposit wagering tax Taxation - Pari-mutuel tax, rate Taxation - Receiving tracks, tax rate Taxation - Telephone account wagering, tax rate Wagering - Pari-mutuel wagering tax Amusements and Recreation - Pari-mutuel wagering tax Boards and Commissions - Horse Racing Commission, pari-mutuel wagering tax Horses and Horse Racing - Pari-mutuel wagering tax Horses and Horse Racing - Standardbred development fund, restriction Fiscal Note - Kentucky Horse Racing Commission, purse supplements, distribution |
Jump to Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 House Floor Amendment 2 House Floor Amendment 3 House Floor Amendment 4 House Floor Amendment 5 House Floor Amendment 6 Senate Committee Substitute 1 |
Votes | Vote History |
02/28/22 |
|
---|---|
03/14/22 |
|
03/16/22 |
|
03/17/22 |
|
03/21/22 |
|
03/22/22 |
|
03/23/22 |
|
03/24/22 |
|
03/29/22 |
|
03/30/22 |
|
04/08/22 |
|
Amendment | House Committee Substitute 1 |
---|---|
Summary | Retain original provisions; reinstate the racing commission's ability to designate races that will receive purse supplements from the Kentucky Thoroughbred development fund; restore the restriction on the use of money from the Kentucky standardbred development fund to races that admit only Kentucky-bred standardbred horses. |
Index Headings |
Racing - Kentucky Horse Racing Commission, purse supplements, distribution State Agencies - Kentucky Horse Racing Commission, purse supplements, distribution Taxation - Pari-mutuel tax, horse racing, purse supplements Wagering - Kentucky Horse Racing Commission, purse supplements, distribution Boards and Commissions - Kentucky Horse Racing Commission, purse supplements, distribution Horses and Horse Racing - Kentucky Horse Racing Commission, purse supplements, distribution |
Amendment | House Floor Amendment 1 |
---|---|
Sponsor | J. Donohue |
Summary | Amend KRS 138.510 to impose a surtax on all money wagered on historical horse races; use the surtax money to fund the local government assistance fund; deposit $50,000,000 in the Thoroughbred development fund before decreasing the funding percentage; distribute 0.75% of money wagered on historical horse races at harness tracks divided evenly between the Thoroughbred and standardbred development funds; increase the annual pari-mutuel tax funds deposited for the Equine Industry Program at the University of Louisville from $650,000 to $850,000; create a new section of KRS Chapter 147A to establish the local government assistance fund; APPROPRIATION. |
Index Headings |
Appropriations - Pari-mutuel excise tax, fund distribution Horses and Horse Racing - Pari-mutuel excise tax, fund distribution Local Government - Historical horse racing, pari-mutuel tax revenue, distribution Racing - Pari-mutuel excise tax, fund distribution Taxation - Pari-mutuel excise tax, fund distribution Universities and Colleges - University of Louisville, pari-mutuel excise tax, funding State Agencies - Department for Local Government, pari-mutuel excise tax, fund distribution |
Amendment | House Floor Amendment 2 |
---|---|
Sponsor | A. Gentry |
Summary | Increase the annual pari-mutuel excise tax funds deposited for the Equine Industry Program at the University of Louisville from $650,000 to $850,000; APPROPRIATION. |
Index Headings |
Appropriations - Pari-mutuel excise tax, equine industry programs, funding Horses and Horse Racing - Pari-mutuel excise tax, equine industry programs, funding Racing - Pari-mutuel excise tax, equine industry programs, funding Taxation - Pari-mutuel excise tax, equine industry programs, funding Universities and Colleges - University of Louisville, pari-mutuel excise tax, funding |
Amendment | House Floor Amendment 3 |
---|---|
Sponsor | J. Donohue |
Summary | Amend KRS 138.510 to impose a surtax on all money wagered on historical horse races; use the surtax money to fund the local government assistance fund; create a new section of KRS Chapter 147A to establish the local government assistance fund; APPROPRIATION. |
Index Headings |
Local Government - Historical horse racing, pari-mutuel tax revenue, distribution Racing - Pari-mutuel excise tax, fund distribution State Agencies - Department for Local Government, pari-mutuel excise tax, fund distribution Taxation - Pari-mutuel excise tax, fund distribution Appropriations - Pari-mutuel excise tax, fund distribution Horses and Horse Racing - Pari-mutuel excise tax, fund distribution |
Amendment | House Floor Amendment 4 |
---|---|
Sponsor | A. Koenig |
Summary | Make technical corrections. |
Index Headings |
Horses and Horse Racing - Race track admissions tax, removal Racing - Race track admissions tax, removal Taxation - Race track admissions tax, removal Technical Corrections - HB 607/HCS 1 |
Amendment | House Floor Amendment 5 |
---|---|
Sponsor | J. Calloway |
Summary | Amend to increase the excise tax from 1.5% to 6% of all money wagered during the fiscal year. |
Index Headings |
Gambling - Pari-mutuel wagering, horse racing, excise tax Horses and Horse Racing - Pari-mutuel wagering, excise tax Taxation - Pari-mutuel wagering, horse racing Wagering - Pari-mutuel, horse racing, excise tax Advisory Boards, Commissions, and Committees - Horse racing, pari-mutuel wagering, excise tax |
Amendment | House Floor Amendment 6 |
---|---|
Sponsor | J. Calloway |
Summary | Amend to increase the excise tax from 1.5% to 6% of all money wagered during the fiscal year. |
Index Headings |
Advisory Boards, Commissions, and Committees - Horse racing, pari-mutuel wagering, excise tax Taxation - Pari-mutuel wagering, horse racing Gambling - Pari-mutuel wagering, horse racing, excise tax Horses and Horse Racing - Pari-mutuel wagering, excise tax Wagering - Pari-mutuel, horse racing, excise tax |
Amendment | Senate Committee Substitute 1 |
---|---|
Summary | Retain original provisions; create new sections in KRS Chapters 68, 91, and 92 to define "historic horse race" and "racetrack extension"; permit occupational license fees levied by cities and counties to pertain to racetrack extensions; amend KRS 137.190 and 230.360 to conform; amend KRS 138.510 to require the Kentucky Horse Racing Commission to provide the Department of Revenue all necessary information to distribute funds for the Kentucky standardbred development fund from the contracts filed with the commission; proportionately lower the distribution percentages for revenues on the excise tax for simulcast wagering; increase the trigger amount for the Thoroughbred development fund to $45,000,000; amend KRS 230.240 to remove the racing commission's requirement to promulgate administrative regulations on historical racing machines; amend KRS 230.3615 and 230.750 to require breaks on historical horse racing to be made and calculated to the penny or retained in the pari-mutuel pools; amend KRS 230.781 and 230.783 to make technical corrections; APPROPRIATION. |
Index Headings |
Racing - Kentucky Horse Racing Commission, purse supplements, distribution State Agencies - Kentucky Horse Racing Commission, purse supplements, distribution Taxation - Pari-mutuel tax, horse racing, purse supplements Technical Corrections - HB 607/SCS 1 Consolidated Local Governments - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Unified Local Governments - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Wagering - Kentucky Horse Racing Commission, purse supplements, distribution Appropriations - Kentucky Horse Racing Commission, purse supplements, distribution Cities - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Cities, First Class - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Cities, Home Rule Class - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Counties - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Counties of 75,000 or More - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Counties, Urban - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Counties with Cities of the First Class - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Boards and Commissions - Kentucky Horse Racing Commission, purse supplements, distribution Counties, Charter - Occupational license fees, pari-mutuel wagering, racetrack extensions, apply Horses and Horse Racing - Kentucky Horse Racing Commission, purse supplements, distribution |
Last updated: 2/8/2023 2:57 PM (EST)