Bill > HB485

This bill amends KRS 138.510 to allocate a portion of pari-mutuel racing tax receipts to a new fund called the pari-mutuel racing local government support fund, which will be administered by the Department for Local Government. The fund will distribute monies to local governments where live and historical horse racing facilities are located, to be used for the policing, regulation, and administration of those facilities. The Department of Revenue will provide information to the Department for Local Government to calculate the fund distributions. The bill also amends KRS 131.190 to allow the Department of Revenue to share this information with the Department for Local Government on a confidential basis.