Gross Receipts Of Out-of-state Pari-mutuel Bets
| Type | Bill |
|---|---|
| Session | 2022 Regular Session |
| Subjects |
Concerning the meaning of the term "gross receipts" when it is used to describe money received by certain racing licensees from out-of-state pari-mutuel wagering facilities.
Bill Summary:
Current law prohibits a racing or simulcast facility licensee for the racing of greyhounds or horses to take more than a certain percentage of the gross receipts of any pari-mutuel wagering on the races or simulcast races. The bill states that, when "gross receipts" is used in reference to money received by a licensee from an out-of-state simulcast facility, the term means money received by the licensee after the out-of-state simulcast facility has deducted the costs, signal fees, and taxes that it is required to pay to its regulatory and taxing authorities.
(Note: This summary applies to this bill as introduced.)
Committees
Senate
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/03/2022 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Postpone Senate Bill 22-117 indefinitely. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Location | Action |
|---|---|---|
| 04/20/2022 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 02/03/2022 | Senate | Introduced In Senate - Assigned to Finance |