AN ACT relating to the partial distribution of pari-mutuel racing tax receipts to local governments.

Amend KRS 138.510 to allocate moneys to a newly created fund from the pari-mutuel racing tax distribution; create a new section of KRS Chapter 230 to establish a fund relating to local governments and administered by the Department for Local Government; and amend KRS 131.190 to allow the Department of Revenue to share information relating to the calculation of the new fund's distribution.

Introduced: February 19, 2025

Last action: February 27, 2025

To Appropriations & Revenue (H)

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill would set aside a portion of the existing pari-mutuel racing tax — a tax collected on horse racing wagering — and direct it into a new fund for local governments. The fund would be managed by the Department for Local Government, which would also be allowed to receive relevant tax information from the Department of Revenue to figure out how to distribute the money. Who it may affect: local governments across Kentucky and, indirectly, residents who rely on locally funded services.

Open official bill text (PDF)·Report a problem with the summary