Bill > SB346

This bill establishes a new local privilege tax in Mobile County, Alabama, specifically targeting historical horse racing. This tax will be levied at a rate of eight percent on the "net gambling revenue" generated from pari-mutuel wagering on historical horse racing machines operated by licensees of the Mobile County Racing Commission. "Net gambling revenue" is defined as the total money wagered, minus any free bets, free plays, promotional credits, federal excise taxes, voided bets, and the total amount paid out as prizes or winnings. The Mobile County Racing Commission will collect this tax, and the bill clarifies that this new tax replaces and supersedes any other local taxes or fees currently imposed on these specific historical horse racing activities, while explicitly stating it does not affect the existing tax structure for live greyhound racing or simulcast greyhound and thoroughbred racing. The bill also emphasizes that it does not authorize or expand any gambling activities beyond what is already legally permitted. This new tax is set to take effect on October 1, 2026.

Business and Industry, Government Affairs

https://alison.legislature.state.al.us/bill-search