Under existing law, there is a state privilege tax that is levied upon every person engaged in the business of conducting pari-mutuel wagering at a race track. This bill would establish a new state privilege tax of four percent of the net gambling revenues of licensees conducting pari-mutuel wagering on historical horse racing, which would be in lieu of any other state privilege taxes.

Statutes affected:
Introduced: 40-26A-2, 40-26A-2, 40-26A-2, 40-26A-2