Under existing law, pari-mutuel wagering is authorized at certain locations in the state. There is a state privilege tax that is levied upon every person engaged in the business of operating a race track equal to one percent of the pari-mutuel pool. This bill would delete the existing state tax and would establish a new state privilege tax of four percent of the net gambling revenues of each licensee. This bill would also establish a local privilege tax of eight percent of the net gambling revenues of each licensee. This bill would provide that the taxes levied on the net gambling revenues on pari-mutuel wagering activities are in lieu of any other state or local taxes.

Statutes affected:
Introduced: 40-26A-1, 40-26A-2, 40-26A-2, 11-65-29, 11-65-30, 11-65-35, 45-32-150, 45-44-150, 45-49-151