AN ACT relating to the partial distribution of pari-mutuel racing tax receipts to local governments.

Summary

The bill revises the excise tax on live and historical horse‑race wagering and directs set percentages of the tax receipts to a series of horse‑industry funds, including Thoroughbred, standardbred, breed‑specific, university, and after‑care programs. Any money left after these allocations is deposited into the state’s general fund. The changes affect race tracks, the Kentucky Horse Racing and Gaming Corporation, and the entities that receive the earmarked funds.

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