Alabama HB534 levies an 8% local privilege tax on net gambling revenue from historical horse racing in Mobile County.

Alabama HB534 introduces an 8% local privilege tax on the net gambling revenue from historical horse racing in Mobile County. The tax applies to the net revenue collected from pari-mutuel wagering on historical horse racing activities, excluding certain deductions like free bets and federal excise taxes. The Mobile County Racing Commission will collect and distribute this tax as per local law. This tax supersedes any other local taxes on historical horse racing in the county. The act does not expand gambling activities beyond what is legally permitted.

Alabama HB534 levies an 8% local privilege tax on net gambling revenue from historical horse racing in Mobile County.

Alabama HB534 introduces an 8% local privilege tax on the net gambling revenue from historical horse racing in Mobile County. The tax applies to the net revenue collected from pari-mutuel wagering on historical horse racing activities, excluding certain deductions like free bets and federal excise taxes. The Mobile County Racing Commission will collect and distribute this tax as per local law. This tax supersedes any other local taxes on historical horse racing in the county. The act does not expand gambling activities beyond what is legally permitted.