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ARIZONA HOUSE OF REPRESENTATIVESFifty-sixth Legislature First Regular Session |
Senate: APPROP DP 6-4-0-0 | 3rd Read 16-14-0-0House: 3rd Read 31-28-1-0 |
SB 1524: amusements; 2023-2024. (Substituted for HB 2571)
Sponsor: Senator Kavanagh, LD 3
Transmitted to the Governor
Overview
Contains provisions relating to amusements needed to implement the FY 2024 budget.
History
Pursuant to A.R.S.
§ 5-104, the Arizona
Department of Gaming (ADG) Division of Racing establishes and collects a
regulatory assessment from each commercial racing permittee, payable from
amounts deducted from pari-mutuel pools by the permittee, from amounts wagered
on live and simulcast races from in-state and out-of-state wagering handled by
the permittee. All monies received from the regulatory assessment are deposited
into the Racing Regulation Fund, which is the primary funding source for the
Division of Racing.
While ADG has the authority to set the regulatory assessment rate, the Legislature, for each FY since 2017, has set the rate at 0.5% of the amounts wagered.
Provisions
1. Continues for FY 2024, as session law, ADG's regulatory assessment of 0.5% on the amounts wagered on live and simulcast races from in-state and out-of-state wagering handled by a commercial racing permittee. (Sec. 1)
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5. SB 1524
6. Initials PRB Page 0 Transmitted
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