HB588 Alabama 2025 Session

Summary

Primary Sponsor

Kelvin Lawrence Representative

Democrat

Session

2025 Regular Session

Title

Taxation; historical horse racing computerized machines; state and local privilege tax levied on pari-mutuel wagering on historical horse racing machines; local taxes repealed

Description

Under existing law, pari-mutuel wagering is authorized at certain locations in the state. There is a state privilege tax that is levied upon every person engaged in the business of operating a race track equal to one percent of the pari-mutuel pool.

This bill would delete the existing state tax and would establish a new state privilege tax of four percent of the net gambling revenues of each licensee.

This bill would also establish a local privilege tax of eight percent of the net gambling revenues of each licensee.

This bill would provide that the taxes levied on the net gambling revenues on pari-mutuel wagering activities are in lieu of any other state or local taxes.

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Subjects

Gaming