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House Bill 1353


House Bill 1353

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Wagering taxes. Requires that wagers made by riverboat and racetrack casino patrons using noncashable vouchers, coupons, electronic credits, or electronic promotions provided by a licensee or operating agent be subtracted from the amounts received from gaming operations by the licensee or operating agent when calculating the adjusted gross receipts of the licensee or operating agent. (Under current law, cash paid out as winnings to patrons and a limited amount of uncollectible receivables are subtracted from the amounts received from gaming operations to calculate the adjusted gross receipts.) Replaces the riverboat admissions tax with a supplemental wagering tax. Provides that the supplemental wagering tax is 2.5% of the adjusted gross receipts of the licensee or operating agent.
Current Status:
 In Committee - first House
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