09RS HB475
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HB475

09RS

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 475/FN (BR 1024) - L. Clark

     AN ACT relating to the taxation of secondary pari-mutuel organizations and making an appropriation.
     Create a new section of KRS 138.510 to 138.550 to define "advance deposit wagering provider," and "secondary pari-mutuel organization"; require an SPMO to pay an excise tax in the amount of three and one-half percent on all money wagered by a resident of Kentucky; require the tax to be reported and paid in the same manner as the pari-mutuel tax; direct the distribution of revenue; amend KRS 230.240 to vest the Kentucky Horse Racing Authority with jurisdiction over an SPMO; require an SPMO under the jurisdiction of the authority to be licensed; permit the authority to impose license fees; require the authority to establish conditions and procedures for licensing and a fee schedule.

     Feb 23-introduced in House
     Feb 24-to Appropriations & Revenue (H)


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