HB 229/FN (BR 387) - L. Clark, D. Osborne, D. Horlander, D. Keene, C. Miller, R. Palumbo, S. Santoro
AN ACT relating to the taxation of advance deposit account wagering licensees and making an appropriation therefor.
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.
Jan 9-introduced in House
Jan 11-to Appropriations & Revenue (H)
Feb 16-posted in committee
Feb 21-reported favorably, 1st reading, to Consent Calendar
Feb 22-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, February 24, 2012
Feb 24-3rd reading, passed 79-15
Feb 27-received in Senate
Feb 29-to Appropriations & Revenue (S)