North Carolina S471 modifies horse race wagering regulations, including licensing, fees, and tax provisions.

North Carolina S471 modifies horse race wagering regulations by establishing licensing requirements for legacy tracks, startup tracks, and advance deposit account (ADW) wagering licensees. It sets fees for license applications and renewals, and outlines tax provisions on pari-mutuel wagering devices and total handle. The bill also details the distribution of tax proceeds among various funds and programs, including the Equine Industry Purse Fund and the Equine Breeders Incentive Fund. Additionally, it specifies prohibited activities and penalties for violations.

North Carolina S471 modifies horse race wagering regulations, including licensing, fees, and tax provisions.

North Carolina S471 modifies horse race wagering regulations by establishing licensing requirements for legacy tracks, startup tracks, and advance deposit account (ADW) wagering licensees. It sets fees for license applications and renewals, and outlines tax provisions on pari-mutuel wagering devices and total handle. The bill also details the distribution of tax proceeds among various funds and programs, including the Equine Industry Purse Fund and the Equine Breeders Incentive Fund. Additionally, it specifies prohibited activities and penalties for violations.