Fla. Stat. § 550.1647

Current through Chapter 226 of the 2024 Legislative Session
Section 550.1647 - Greyhound permitholders; unclaimed tickets; breaks

All money or other property represented by any unclaimed, uncashed, or abandoned pari-mutuel ticket which has remained in the custody of or under the control of any greyhound permitholder authorized to conduct pari-mutuel wagering in this state for a period of 1 year after the date the pari-mutuel ticket was issued, if the rightful owner or owners thereof have made no claim or demand for such money or other property within that period of time, shall be remitted to the state pursuant to s. 550.1645; however, such permitholder shall be entitled to a credit in each state fiscal year in an amount equal to the actual amount remitted in the prior state fiscal year which may be applied against any taxes imposed pursuant to this chapter. In addition, each permitholder shall pay, from any source, an amount not less than 10 percent of the amount of the credit provided by this section to any bona fide organization that promotes or encourages the adoption of greyhounds. As used in this chapter, the term "bona fide organization that promotes or encourages the adoption of greyhounds" means any organization that provides evidence of compliance with chapter 496 and possesses a valid exemption from federal taxation issued by the Internal Revenue Service. Such bona fide organization, as a condition of adoption, must provide sterilization of greyhounds by a licensed veterinarian before relinquishing custody of the greyhound to the adopter. The fee for sterilization may be included in the cost of adoption.

Fla. Stat. § 550.1647

s.12, ch. 2000-354; s.2, ch. 2004-23; s.14, ch. 2021-271.
Amended by 2021 Fla. Laws, ch. 271, s 14, eff. only if the Gaming Compact between the Seminole Tribe of Florida and the State of Florida executed by the Governor and the Seminole Tribe of Florida on 4/23/2021, as amended on 5/17/2021, under the Indian Gaming Regulatory Act of 1988, is approved or deemed approved and not voided by the U.S. Department of the Interior, and shall take effect on the date that notice of the effective date of the compact is published in the Federal Register (contingency met).