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FL H1319
Bill
Status
Failed
4/30/2021
Primary Sponsor
Anika Omphroy
Click for details
AI Summary
- Establishes a 22.5 percent tax rate on revenues received from sports pools, calculated on total sums received minus actual winnings paid to patrons
- Requires licensees to remit monthly tax payments to the Department of Business and Professional Regulation by 3 p.m. on the 5th day of each calendar month (or first Monday if the 5th falls on a weekend)
- Directs all tax revenues to be deposited into the Pari-mutuel Wagering Trust Fund for administrative expenses
- Imposes administrative penalties of up to $10,000 per day for licensees who fail to remit required tax payments, with penalties also deposited into the Pari-mutuel Wagering Trust Fund
- Authorizes the Department of Business and Professional Regulation to suspend, revoke, or refuse to renew the license of any licensee that fails to pay imposed penalties
- Takes effect contingent on HB 1317 or similar legislation being adopted and becoming law in the same legislative session
Legislative Description
Taxes/Sports Wagering
Last Action
Died in Regulatory Reform Subcommittee
4/30/2021
Committee Referrals
Regulatory Reform Subcommittee3/5/2021
Full Bill Text
No bill text available