1.  Each licensee conducting racing with pari-mutuel wagering shall pay to the Commission for the use of the State a tax at the rate of 2 percent on all pari-mutuel money handled on horse races during the race meeting.

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2.  State fair associations, agricultural societies, county fair and recreation boards, county agricultural associations and nonprofit organizations formed to conduct race meetings shall pay 1 percent of the pari-mutuel money handled during race meetings.

3.  Each licensee conducting racing with pari-mutuel wagering, except a state fair association, agricultural society, county fair and recreation board or other association to which state or county aid is given, shall distribute not less than 8 percent of all pari-mutuel money handled on horse races as purses to the owners of the horses winning those races.