Alabama SB357 establishes an eight percent local privilege tax on net gambling revenue from historical horse racing in Macon County.

Alabama SB357 introduces an eight percent local privilege tax on net gambling revenue from historical horse racing in Macon County. The tax applies to revenue collected from pari-mutuel wagering on computerized machines, excluding free bets, free plays, and promotional credits. The Macon County Racing Commission will collect this tax from historical horse racing licensees and distribute it according to local law. This tax supersedes any other local taxes on historical horse racing pari-mutuel activities in the county.

Alabama SB357 establishes an eight percent local privilege tax on net gambling revenue from historical horse racing in Macon County.

Alabama SB357 introduces an eight percent local privilege tax on net gambling revenue from historical horse racing in Macon County. The tax applies to revenue collected from pari-mutuel wagering on computerized machines, excluding free bets, free plays, and promotional credits. The Macon County Racing Commission will collect this tax from historical horse racing licensees and distribute it according to local law. This tax supersedes any other local taxes on historical horse racing pari-mutuel activities in the county.