Kentucky HB739 amends pari-mutuel racing tax rates and redistributes tax receipts to various funds and local governments.

Kentucky HB739 modifies the tax structure on pari-mutuel wagering, setting different tax rates based on the type and location of the races. It establishes a pari-mutuel racing local government support fund, distributing a portion of the tax receipts to local governments to address social costs associated with problem gambling. The bill also allocates funds to various development and industry programs, including Thoroughbred, standardbred, quarter horse, and paint horse, Appaloosa, and Arabian development funds.

Kentucky HB739 amends pari-mutuel racing tax rates and redistributes tax receipts to various funds and local governments.

Kentucky HB739 modifies the tax structure on pari-mutuel wagering, setting different tax rates based on the type and location of the races. It establishes a pari-mutuel racing local government support fund, distributing a portion of the tax receipts to local governments to address social costs associated with problem gambling. The bill also allocates funds to various development and industry programs, including Thoroughbred, standardbred, quarter horse, and paint horse, Appaloosa, and Arabian development funds.