IN SB0381

Changes riverboat and slot machine wagering taxes to be calculated on "taxable receipts" (adjusted gross receipts minus promotional allowances) rather than adjusted gross receipts alone

Authorizes table games (roulette, blackjack, craps, poker) at racinos, requiring at least 90 tables, with a 25% tax imposed on adjusted gross table game receipts deposited into the state general fund

Reduces the percentage of racino adjusted gross receipts set aside for horse racing from 15% to 10% and removes inflation adjustments from the $85,000,000 annual cap on horse racing distributions

Provides racino licensees a refund of excess slot machine wagering taxes paid between June 1, 2008 and October 1, 2009, payable in 12 annual installments beginning September 1, 2010

Establishes effective dates of May 1, 2010 for table game wagering and July 1, 2010 for tax calculation changes, with an emergency clause for immediate passage