Bill > HB739

This bill modifies how taxes collected from pari-mutuel racing, which is a form of betting on horse races, are distributed. Specifically, it directs a portion of these tax receipts to a new "pari-mutuel racing local government support fund," which will be managed by the Department for Local Government. This fund is intended to help local governments, meaning cities and counties, address the social costs associated with horse racing facilities, such as problem gambling, law enforcement needs, homelessness, and affordable housing. The bill also allows the Department of Revenue to share necessary information with the Department for Local Government to accurately calculate and distribute these funds to the counties where racing facilities are located.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb739.html