Transfers a portion of state sales tax on horse care supplies to supplement horse racing purses.

This bill creates a horse racing purse fund to receive a portion of the state sales tax on certain horse care supplies. The fund will supplement horse racing purses in proportion to the designated purse structure. The state racing and gaming commission will administer the fund and adopt rules for its operation. The bill also requires licensees to establish escrow accounts for the deposited funds, which they must use to supplement purse moneys.

Transfers a portion of state sales tax on horse care supplies to supplement horse racing purses.

This bill creates a horse racing purse fund to receive a portion of the state sales tax on certain horse care supplies. The fund will supplement horse racing purses in proportion to the designated purse structure. The state racing and gaming commission will administer the fund and adopt rules for its operation. The bill also requires licensees to establish escrow accounts for the deposited funds, which they must use to supplement purse moneys.