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Senate Bill 0609


Senate Bill 0609

ARCHIVE (2013)

Latest Information

 

DIGEST OF SB 609 (Updated April 26, 2013 12:04 pm - DI 92)


Horse racing. Requires the Indiana horse racing commission (IHRC) to report on the competitive status of the Indiana horse racing industry as compared to the horse racing industries of other states. Provides that the prohibition on members of the IHRC, employees of the IHRC, racing officials, and their respective spouses wagering on horse racing at racetracks and satellite facilities located in Indiana applies after December 31, 2013. Requires the IHRC to post information concerning complaints and disciplinary actions on the IHRC Internet web site. Specifies the following concerning disciplinary action initiated by stewards and judges: (1) That unless appealed within 15 days, a suspension or civil penalty must be imposed within 180 days of the sanctioned violation. (2) That judges and stewards must prove the violation by the preponderance of the evidence. (3) That the IHRC must conduct a hearing on an appealed sanction as required by the administrative adjudication law. Allows the horse racing commission to reduce the percentage that a permit holder is required to retain from amounts wagered if reducing the amount retained is in the best interests of horse racing in Indiana. Authorizes horse racing associations and racino licensees to negotiate an agreement requiring between 10% and 12% of the licensee's adjusted gross receipts to be used to support the horse racing industry. Provides that accounts, books, and records relating to the distributions are subject to audit by the state board of accounts. Recodifies the requirement that each racino pay $250,000 to the gaming integrity fund. Provides that the racino slot machine wagering tax is imposed on 91.5% of adjusted gross receipts that include amounts used to support the horse racing industry. Makes technical corrections.
    Current Status:
     Law Enacted
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