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FISCAL NOTE
Senate Bill 324
Committee: Tourism Sponsor: Senator Bobby Singleton
Analyst: JT Mathis Date: 05/24/2023
Senate Bill 324 as introduced proposes an amendment to the Constitution of Alabama of 2022,
to: (1) authorize pari-mutuel wagering on historical horse racing on computerized machines at
the racetrack located in Greene County; (2) impose a local tax on such pari-mutuel wagering, at
a rate of up to 4% as set by the Greene County Racing Commission, pursuant to the provisions
of this amendment; (3) impose a 1% state tax on such pari-mutuel wagering; and (4) provide for
the requirements for licensure of pari-mutuel wagering on historical horse racing.
Upon ratification and once operational, the state and local taxes imposed on pari-mutuel
wagering on historical horse racing on computerized machines will increase receipts to: (1) the
State General Fund, from the 1% state tax imposed, by an undetermined amount dependent
upon the amount wagered on historical horse races on computerized machines; and (2) the
Greene County Racing Commission, from the local tax imposed by an undetermined amount,
dependent on the tax rate set by the Commission, not to exceed a rate of 4% and the amount
wagered on historical horse races on computerized machines.
Additionally, this amendment will increase the obligations of the Greene County Racing
Commission, by an undetermined amount, to regulate and supervise the operation and conduct
of historical horse races on computerized machines which could be offset, in part or in full, by
the fees, commissions, local taxes, and other monies, including fines and forfeitures, received by
the Greene County Racing Commission. Further, this amendment provides that upon payment of
all expenses, including salaries and expenses of members and employees of the commission, any
funds remaining in the account of the Greene County Racing Commission shall be distributed
quarterly as follows:
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(1) An amount not to exceed $200,000 annually to the Green County Commission to pay
principal and interest on bonds and make lease rental payments as necessary to retire certain
bonds and securities pursuant to the provisions of this amendment; and
(2) The remaining balance as follows:
County E-911 System 2%
Greene County Industrial Development Authority 2%
Greene County Hospital Board 5%
Municipalities in Greene County 20%
(based on population)
Greene County Board of Education 30%
Greene County General Fund 41%
(to be distributed pursuant to the provisions of this
amendment)
This amendment will increase the proclamation expenses of the Governor, paid from the State
General Fund, by an estimated $1,500 for the fiscal year ending September 30, 2024.
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