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AL SB324
Bill
Status
5/25/2023
Primary Sponsor
Bobby Singleton
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AI Summary
SB324 Summary
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Proposes a constitutional amendment to authorize pari-mutuel wagering on historical horse racing using computerized machines at a racetrack in Greene County.
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Levies a local tax of up to 4 percent and a state tax of 1 percent on the handle from pari-mutuel wagering on historical horse racing machines, with taxes collected and distributed separately from other racing activities.
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Grants the Greene County Racing Commission authority to set application fees for licenses, establish operating days and hours, and limit racetrack operations to prevent two racetracks from operating on the same day.
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Requires applicants for racetrack licenses to be Alabama residents or entities established in Alabama for at least five years prior to licensure.
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Distributes quarterly revenues after expenses to Greene County Commission (up to $200,000 annually for jail and courthouse facilities), municipalities (20 percent), schools (30 percent), hospitals (5 percent), and various county services and organizations with specified percentage allocations.
Legislative Description
To propose an amendment to the Constitution of Alabama of 2022, relating to Greene County, to provide legislative findings; to provide for the pari-mutuel wagering on historical horse racing on computerized machines; to levy a tax on pari-mutuel wagering on historical horse races on computerized machines; to provide for application for licensure and the operation of a racetrack; and to provide for the distribution of taxes, fees, and other monies collected by the commission.
Greene County, local constitutional amendment; pari-mutuel wagering on historical horse races on computerized machines, provided
Last Action
Referred to Committee to House Economic Development and Tourism
5/25/2023