AL SB18

Establishes a 4% state privilege tax on net gambling revenues from pari-mutuel wagering on historical horse racing, collected by the Department of Revenue

Defines "net gambling revenue" as total wagering receipts minus free bets, promotional credits, federal excise taxes, voided wagers, and prize payouts

Supersedes all other state taxes currently imposed on historical horse racing pari-mutuel activities, including those under Section 40-26A-2

Preserves existing state tax structure for live and simulcast greyhound and thoroughbred racing without changes

Does not authorize or expand any gambling activity beyond what is permitted by law as of January 1, 2026