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Senate Bill 0140

Senate Bill 0140

ARCHIVE (2012)

Latest Information

DIGEST OF SB 140 (Updated February 29, 2012 4:16 pm - DI 84)

Slot machine wagering tax. Specifies when gambling game receipts are considered received by a racetrack casino. Specifies that the general assembly does not acquiesce in any interpretation to the contrary. Provides that a licensee may elect to pay the slot machine wagering tax using taxable receipts rather than adjusted gross receipts. Defines taxable receipts as adjusted gross receipts minus amounts paid to support the horse racing industry. Provides that a licensee's election is considered revoked if the licensee claims a refund on the grounds that various taxes, fees, and other obligations should not have been included in the licensee adjusted gross receipts. Applies the current tax structure to a licensee revoking the election as of the business day following the date of the revocation. Provides that the attorney general, with the assistance of the department of state revenue, shall represent the state and the department of state revenue in all civil actions concerning: (1) the determination or collection of the slot machine wagering tax; or (2) a claim for the refund of slot machine wagering tax. Repeals an unused definition.
    Current Status:
    Passed 2nd reading - 2nd House
    Latest Printing (PDF)