Alabama SB18 establishes a 4% state privilege tax on net gambling revenues from historical horse racing pari-mutuel wagering.
Alabama SB18 introduces a new state privilege tax of 4% on the net gambling revenues of licensees conducting pari-mutuel wagering on historical horse racing. This tax replaces any other state privilege taxes. Net gambling revenue is defined as the total amount received from pari-mutuel wagering on historical horse racing, excluding free bets, free plays, promotional credits, and less deductions for federal excise taxes, voided wagers, and prizes or winnings.
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