This bill establishes a local privilege tax in Macon County, set at eight percent of the net gambling revenues derived from pari-mutuel wagering on historical horse racing conducted on computerized machines by race track licensees. The tax will be collected by the Macon County Racing Commission from each historical horse racing licensee and will be distributed according to local law. The definition of "net gambling revenue" is clarified to include the total amount received from pari-mutuel wagering, excluding free bets, promotional credits, and certain deductions such as federal excise taxes and winnings.

Additionally, the bill specifies that the local privilege tax will supersede any existing local taxes, fees, or commissions related to historical horse racing activities in the county, including those imposed under Section 45-44-150.12 of the Code of Alabama 1975. It also ensures that the current tax structure for live greyhound and thoroughbred racing remains unchanged and clarifies that the bill does not authorize any new forms of gambling beyond what is already permitted by law. The act will take effect on the first day of the second month following its passage and approval by the Governor.

Statutes affected:
Introduced: 45-44-150