Taxation; state privilege tax levied for historical horse racing

Summary

The bill imposes an 8% state privilege tax on net revenue from pari‑mutuel wagering on historical horse racing machines, collected by the Department of Revenue. It replaces all existing state and local taxes on these activities, repealing several county and municipal tax statutes. The change aims to standardize taxation of historical horse racing and shift revenue collection to the state level.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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