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AR HB1502
Bill
Status
4/24/2019
Primary Sponsor
Julie Mayberry
Click for details
AI Summary
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Establishes an annual privilege tax on casinos operating casino games in Arkansas, with tax amounts ranging from $50 for one game to $4,800 per game for games 17-26, and declining rates for additional games.
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Directs casino gaming privilege tax revenues to the State Highway and Transportation Department Fund as special revenues for highway maintenance, operation, and improvement.
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Allocates casino gaming revenues from the General Revenue Fund Account by distributing 70% to the State Highway and Transportation Department Fund, 15% to the County Aid Fund, and 15% to the Municipal Aid Fund.
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Modifies distribution formulas for County Aid Fund and Municipal Aid Fund to include newly designated general revenues from casino gaming sources.
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Defines "casino" and "casino game" under state law, excluding lotteries, amusement devices, and certain slot machines not used as part of banking or mechanical devices.
Legislative Description
To Provide Funding For The Maintenance, Improvement, And Construction Of Highways, Roads, Streets, And Bridges In The State; And To Levy A Privilege Tax On Casino Games.
Last Action
Died on House Calendar at Sine Die Adjournment
4/24/2019