Increases the limit on video lottery gaming and establishes a fund for property tax relief.
The bill increases the limit on video lottery gaming and establishes the residential tax reduction fund for property tax relief. Moneys collected from video lottery gaming in excess of $165 million annually must be deposited into the new fund. The fund aims to provide property tax relief for owner-occupied single-family dwellings. The bill also mandates that the commission maximize revenues from video lottery gaming.
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