CS/CS/CS/HB 1145 Summary

• Eliminates the requirement for greyhound permitholders to conduct a minimum number of live racing performances, effective fiscal year 2011-2012.

• Removes the requirement that greyhound permitholders conducting a full schedule of live racing to qualify for tax credits under converted permits.

• Allows greyhound permitholders to transfer unused tax exemptions or credits to host tracks for intertrack wagering purposes, with restrictions based on conducting at least 100 live performances.

• Modifies cardroom licensing for greyhound permitholders to require either 10 consecutive years of annual licenses or conversion status, with no minimum live performance requirement for renewal.

• Updates intertrack wagering eligibility to allow greyhound permitholders with 10 years of annual licenses or converted permits to conduct wagering without requiring live race operations.