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WA HB1703
Bill
Status
1/29/2025
Primary Sponsor
Chris Stearns
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AI Summary
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Washington Horse Racing Commission authorized to impose fees to pay for compliance with the federal Horseracing Integrity and Safety Act of 2020 (15 U.S.C. Sec. 3051)
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Creates a business and occupation tax credit for licensed race meet operators equal to amounts paid to the federal Horseracing Integrity Safety Authority and the Washington Horse Racing Commission in the prior calendar year
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Establishes the Washington Equine Industry Federal Regulatory Account in the state treasury, funded by annual transfers of up to $1,500,000 from state sales and use taxes collected by Class 1 racing associations
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Maximum annual transfer amount adjusted for inflation after each biennium based on the Seattle-area consumer price index
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Emergency provisions take effect July 1, 2025; tax credit provisions take effect January 1, 2026
Legislative Description
Establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance.
Last Action
By resolution, reintroduced and retained in present status.
1/12/2026