AL HB262

Restricts historical horse racing computerized machines to six authorized locations: current pari-mutuel licensees in Greene, Jefferson, Macon, and Mobile counties; the Class C Bingo Permit holder in Houston County; and a bingo facility in Lowndes County (minimum 40,000 square feet, open prior to October 1, 2023)

Establishes a new 4% state privilege tax on net revenues from historical racing, effective October 1, 2026, replacing the existing 1% tax on pari-mutuel pools

Repeals local pari-mutuel wagering taxes in Greene County, Macon County, Mobile County, and Class 1 municipalities, consolidating taxation at the state level

Defines "historical racing" as pari-mutuel wagering on previously conducted horse or greyhound races using computerized machines, regardless of machine graphics

Preserves existing tax structure for live and simulcast greyhound and thoroughbred racing