HB 46 (BR 21) - T. Burch
AN ACT relating to electronic gaming at racetracks as a part of the state lottery, and making an appropriation therefor.
Establish Chapter 230A of Kentucky Revised Statutes to authorize electronic gaming to be supervised by the Kentucky Lottery Corporation; make findings regarding gaming as a part of the state lottery; add numerous definitions; provide for limits on application and annual licensing fees; grant the Lottery Corporation the powers necessary and proper to effectuate the provisions of Chapter 230A; provide that an application for an electronic gaming device (EGD) operator license may be denied or revoked or not renewed if gaming income is not remitted to the Lottery Corporation in accordance with Section 7 of this Act; require that each EGD operator be responsible for remitting gaming income to the Lottery Corporation; provide for the distribution of gaming income among various entities; provide for advance payment of gaming income from each electronic gaming device operator license holder and set out crediting procedure against any future gaming income payable to the Lottery Corporation; set out the one-time distribution of advance payment monies and distribution of recurring appropriations; amend KRS 137.190 to comply with new gaming statutes; amend KRS 138.480 to provide admission tax to a race track not to be paid with a free admission; amend KRS 154A.130 to require that all gaming income paid to the Lottery Corporation shall be deposited into a separate gaming income account; amend KRS 154A.420 to require that all licensed electronic gaming device operators furnish to the Lottery Corporation all protocol documentation and electronic funds transfer data necessary to effectuate the timely transfer of gaming income; amend KRS 230.260 to clarify that the Racing Commission shall have all powers needed to enforce the provisions of this Act, including promulgating administrative regulations governing the integration of EGD games at race tracks, and that the Racing Commission can charge a fee for all licenses issued, including those under KRS Chapter 230A; amend KRS 138.510 to retroactively exempt standardbred race tracks from certain excise taxes imposed and increase the amount of moneys to be allocated to the equine industry program trust and revolving fund at the University of Louisville; amend KRS 230.265 to increase the amount of moneys to be used in financing equine drug research and testing; amend KRS 137.990, 138.550, 230.360, and 230.380 to conform to the repeal of KRS 137.170 and 137.180 in this Act; amend KRS 230.550 to provide that part of the funds for the equine industry program at the University of Louisville shall be used for education and an annual symposium to promote Kentucky's thoroughbred industry; repeal KRS 137.170 and 137.180; include a severability clause; include language stating that the excise tax exemption referred to in Section 15 of this Act shall be applied retroactively to July 1, 2004.
(Prefiled by the sponsor(s).)
Jan 6-introduced in House; to Licensing and Occupations (H)