Kentucky Statutes 137.170 – Tentative state license tax on race meetings
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(1) Every person engaged in the business of conducting a race meeting at which live horse races are run for stakes, purses, or prizes, under the jurisdiction of the Kentucky Horse Racing Commission, shall pay a tentative license tax to the state, as provided in subsection (2) of this section.
(2) Any race track for any year commencing December 1 and ending the following November 30 for the days upon which races are actually conducted for any stake, purse, or prize, shall pay a license tax based on the average daily mutuel handle for the preceding year as follows:
Average Daily Mutuel Handle License Tax
$0 – $25,000 $ 0
$25,000 – $250,000 $ 175
$250,001 – $450,000 $ 500
$450,001 – $700,000 $1,000
$700,001 – $800,000 $1,500
$800,001 – $900,000 $2,000
$900,001 and above $2,500
(3) As used in subsection (2) of this section the term “daily mutuel handle” shall mean the total gross amount of money bet or wagered by a race track’s patrons by means of pari-mutuel, combination, or French pools on live races conducted by the track.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 104, effective July 15, 2010. — Amended
2004 Ky. Acts ch. 191, sec. 46, effective July 13, 2004. — Amended 1994 Ky. Acts ch. 65, sec. 6, effective July 15, 1994; and ch. 272, sec. 1, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 109, sec. 4, effective March 30, 1992. — Amended 1984
Ky. Acts ch. 240, sec. 1, effective July 13, 1984. — Amended 1958 Ky. Acts ch. 33, secs. 1 and 2, effective June 19, 1958. — Amended 1942 Ky. Acts ch. 90, secs. 1 and
2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4223b-6, 4223b-7.
(2) Any race track for any year commencing December 1 and ending the following November 30 for the days upon which races are actually conducted for any stake, purse, or prize, shall pay a license tax based on the average daily mutuel handle for the preceding year as follows:
Terms Used In Kentucky Statutes 137.170
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
Average Daily Mutuel Handle License Tax
$0 – $25,000 $ 0
$25,000 – $250,000 $ 175
$250,001 – $450,000 $ 500
$450,001 – $700,000 $1,000
$700,001 – $800,000 $1,500
$800,001 – $900,000 $2,000
$900,001 and above $2,500
(3) As used in subsection (2) of this section the term “daily mutuel handle” shall mean the total gross amount of money bet or wagered by a race track’s patrons by means of pari-mutuel, combination, or French pools on live races conducted by the track.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 104, effective July 15, 2010. — Amended
2004 Ky. Acts ch. 191, sec. 46, effective July 13, 2004. — Amended 1994 Ky. Acts ch. 65, sec. 6, effective July 15, 1994; and ch. 272, sec. 1, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 109, sec. 4, effective March 30, 1992. — Amended 1984
Ky. Acts ch. 240, sec. 1, effective July 13, 1984. — Amended 1958 Ky. Acts ch. 33, secs. 1 and 2, effective June 19, 1958. — Amended 1942 Ky. Acts ch. 90, secs. 1 and
2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4223b-6, 4223b-7.