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Bill > HB815


KY HB815

KY HB815
AN ACT relating to the partial distribution of pari-mutuel racing tax receipts to local governments and making an appropriation therefor.


summary

Introduced
02/26/2024
In Committee
03/05/2024
Crossed Over
Passed
Dead
04/15/2024

Introduced Session

2024 Regular Session

Bill Summary

Amend KRS 138.510 to allocate moneys to a newly created fund from the pari-mutuel racing tax distribution; create a new section of KRS Chapter 230 to establish a fund relating to local governments and administered by the Department for Local Government; and amend KRS 131.190 to allow the Department of Revenue to share information relating to the calculation of the new fund's distribution; APPROPRIATION.

AI Summary

This bill amends existing laws to allocate a portion of pari-mutuel racing tax receipts to a new fund, the "pari-mutuel racing local government support fund," which will be administered by the Department for Local Government. The fund will be used to support local governments where live and historical horse racing facilities are located, to address the social costs of problem gambling, such as law enforcement, homelessness, and affordable housing. The Department of Revenue will provide information to the Department for Local Government to calculate the distribution of funds to the appropriate counties. The bill also allows the Department of Revenue to share information with the Department for Local Government for the purposes of administering the fund.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

to Appropriations & Revenue (H) (on 03/05/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Sports and Gambling Regulation
Government Operations
  • ‐ Intergovernmental Relations
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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