Bill > H488

This bill modifies Section 55 of chapter 23K of the General Laws, which appears to relate to gaming revenue allocation. Specifically, the bill reduces the percentage of daily gross gaming revenue that must be allocated from 9 percent to 4.5 percent, and additionally requires that 4.5 percent of daily gross gaming revenue be directed to the Community Preservation Trust Fund. The Community Preservation Trust Fund is likely a state-level fund designed to support local community development, preservation, and improvement projects. By adjusting the gaming revenue allocation, this bill could potentially provide additional funding for community preservation initiatives while also potentially reducing the overall financial burden on gaming establishments. The changes seem aimed at balancing support for local communities with the economic interests of gaming enterprises.

Business and Industry

https://malegislature.gov/Bills/194/H488