Alabama HB658 establishes an eight percent local privilege tax on net gambling revenues from pari-mutuel wagering on historical horse racing in Macon.

Alabama HB658 introduces an eight percent local privilege tax on the net gambling revenue from pari-mutuel wagering on historical horse racing in Macon County. This tax applies to revenues collected from simulcast live greyhound and thoroughbred racing, excluding historical horse racing. The Macon County Racing Commission will collect the tax, which supersedes any other local taxes on historical horse racing pari-mutuel activities. The act does not authorize or expand gambling activities beyond those permitted by law.

Alabama HB658 establishes an eight percent local privilege tax on net gambling revenues from pari-mutuel wagering on historical horse racing in Macon.

Alabama HB658 introduces an eight percent local privilege tax on the net gambling revenue from pari-mutuel wagering on historical horse racing in Macon County. This tax applies to revenues collected from simulcast live greyhound and thoroughbred racing, excluding historical horse racing. The Macon County Racing Commission will collect the tax, which supersedes any other local taxes on historical horse racing pari-mutuel activities. The act does not authorize or expand gambling activities beyond those permitted by law.