REFERENCE TITLE: amusements; 2023-2024.

State of Arizona

Senate

Fifty-sixth Legislature

First Regular Session

2023

SB 1721

Introduced by

Senators Kavanagh: Hoffman (with permission of Committee on Rules)

An Act

relating to amusements.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Department of gaming regulatory assessment; pari-mutuel pool

Notwithstanding any other law, in fiscal year 2023-2024, the department of gaming shall establish and collect a regulatory assessment from each commercial racing permittee, payable from amounts deducted from pari-mutuel pools by the permittee, in addition to the amounts the permittee is authorized to deduct pursuant to section 5-111, subsection B, Arizona Revised Statutes, from amounts wagered on live and simulcast races from in-state and out-of-state wagering handled by the permittee, in the amount of 0.5 percent of the amounts wagered.

Sec. 2. Exposition and state fair board permanent revolving fund; fund balance

Notwithstanding section 3-1005, subsection D, Arizona Revised Statutes, for fiscal year 2023-2024, the balance of the exposition and state fair board permanent revolving fund established by section 3-1005, Arizona Revised Statutes, may not exceed $60,000, except for the period beginning fifteen days before the beginning of the 2023 Arizona state fair and ending fifteen days after the conclusion of the 2023 Arizona state fair, when the amount of the fund may not exceed $400,000.