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CA AB1508
Bill
AI Summary
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Adds Section 19605.5 to the Business and Professions Code requiring the California Horse Racing Board to review payments made to cities from horse racing wagers to ensure advance deposit wagers are included in the calculation.
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Requires the board to determine whether cities received compensation from advance deposit wagers when calculating the additional 0.33 percent deduction from total parimutuel wagers and satellite wagering facility amounts.
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Mandates the board release its findings at a publicly noticed hearing and publish the findings on its internet website.
Legislative Description
Horse racing: advance deposit wagering.
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2/1/2018
Committee Referrals
Governmental Organization3/27/2017
Full Bill Text
No bill text available