House Bill 262 Alabama 2026 Session

Summary

Primary Sponsor

Kelvin Lawrence Representative

Democrat

Session

2026 Regular Session

Title

Taxation; state privilege tax on historical racing activities, further provided; local taxes, repealed

Description

Under existing law, pari-mutuel wagering on historical horse racing and bingo is conducted at certain locations in the state.

Also under existing law, 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. In addition, there are local taxes levied on such pari-mutuel pools.

This bill would provide that such activities may only be conducted at six certain named locations.

This bill would establish a new state privilege tax of four percent of the net revenues of each licensee conducting pari-mutuel wagering on historical racing, which would be in lieu of any other state privilege taxes.

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Subjects

Gaming