Texas HB2575 modifies tax proceeds allocation and eliminates certain tax deposits related to the horse industry escrowed purse account.
Texas HB2575 amends the allocation of tax proceeds and eliminates certain tax deposits related to the horse industry escrowed purse account. The bill specifies that a greyhound racetrack association receiving an interstate cross-species simulcast signal must distribute certain percentages from each pari-mutuel pool wagered on the signal. It also details the allocation of funds from the escrowed purse account to horse racetrack associations and state horse breed registries.
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