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GA SR135
Resolution
Status
Introduced
2/2/2015
Primary Sponsor
Brandon Beach
Click for details
AI Summary
- Proposes an amendment to the Georgia Constitution to authorize the General Assembly to legalize pari-mutuel wagering on horse racing, regulated by the Georgia Lottery Corporation
- Requires county-level referendum approval by majority vote before pari-mutuel wagering can operate in that county; wagering remains unlawful in counties that have not approved it
- Exempts pari-mutuel wagering from sales and use taxes and allows a portion of proceeds to support the equine industry through distributions to organizations and educational institutions
- Dedicates net revenues (after operating expenses, purses, and prizes) to need-based scholarships, grants, or loans for students attending University System of Georgia, Technical College System of Georgia, or eligible private institutions, and to voluntary pre-kindergarten programs
- Requires net revenues to be accounted for separately in the Governor's annual budget under a category entitled "Pari-mutuel Wagering Proceeds" and mandates that funds supplement, not supplant, existing resources for the designated programs
Legislative Description
General Assembly; authorize to provide by law for pari-mutuel wagering on horse racing -CA
Last Action
Senate Committee Favorably Reported By Substitute
1/28/2016
Full Bill Text
No bill text available