Section 137.170 - Tentative state license tax on race meetings(1) Every person engaged in the business of conducting a race meeting at which live horse races are run for stakes, purses, or prizes, under the jurisdiction of the Kentucky Horse Racing and Gaming Corporation, shall pay a tentative license tax to the state, as provided in subsection (2) of this section.(2) Any race track for any year commencing December 1 and ending the following November 30 for the days upon which races are actually conducted for any stake, purse, or prize, shall pay a license tax based on the average daily mutuel handle for the preceding year as follows: Average Daily Mutuel Handle | License Tax |
$0 - $25,000 | $ 0 |
$25,000 - $250,000 | $ 175 |
$250,001 - $450,000 | $ 500 |
$450,001 - $700,000 | $1,000 |
$700,001 - $800,000 | $1,500 |
$800,001 - $900,000 | $2,000 |
$900,001 and above | $2,500 |
(3) As used in subsection (2) of this section the term "daily mutuel handle" shall mean the total gross amount of money bet or wagered by a race track's patrons by means of pari-mutuel, combination, or French pools on live races conducted by the track.Amended by 2024 Ky. Acts ch. 171,§ 42, eff. 7/1/2024.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 104, effective7/15/2010. -- Amended 2004, Ky. Acts ch. 191, sec. 46, effective 7/13/2004. -- Amended 1994 Ky. Acts ch. 65, sec. 6, effective 7/15/1994; and ch. 272, sec. 1, effective 7/15/1994. - Amended 1992 Ky. Acts ch. 109, sec. 4, effective 3/30/1992. -- Amended 1984 Ky. Acts ch. 240, sec. 1, effective 7/13/1984. -- Amended 1958 Ky. Acts ch. 33, secs. 1 and 2, effective 6/19/1958. -- Amended 1942 Ky. Acts ch. 90, secs. 1 and 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. secs. 4223b-6, 4223b-7.