HB 522/FN (BR 1853) - L. Clark
AN ACT relating to the taxation of advance deposit wagering licenses 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, effective August 1, 2014; 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.
Mar 4-introduced in House
Mar 5-to Appropriations & Revenue (H)