AL SB357

Levies an 8% local privilege tax on net gambling revenue from pari-mutuel wagering on historical horse racing at computerized machines in Macon County

Net gambling revenue is calculated as total wagering receipts minus free bets, promotional credits, federal excise taxes, voided wagers, and prize payouts

Macon County Racing Commission collects the tax from historical horse racing licensees and distributes funds according to local law

Supersedes all other local taxes, fees, or commissions previously imposed on historical horse racing pari-mutuel activities in the county, including those under Section 45-44-150.12

Preserves existing tax structure for live greyhound racing, thoroughbred racing, and simulcast racing that is not historical horse racing