Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 1723-A.2 - Transfer of funds.(a)Annual funding.--Notwithstanding 4 Pa.C.S. § 13C62(b)(3) (relating to sports wagering tax), for fiscal year 2022-2023 and each fiscal year thereafter, an amount equal to 5% of the tax revenue generated by the tax imposed under 4 Pa.C.S. § 13C62 or $2,500,000, whichever is greater, shall be transferred to the account for use by the department in accordance with this subarticle. The amount transferred under this section may not exceed $5,000,000.(b) Fiscal year 2023-2024.--Notwithstanding 4 Pa.C.S. § 1407 (relating to Pennsylvania Gaming Economic Development and Tourism Fund) or any other provision of law, the sum of $25,000,000 shall be transferred from the Pennsylvania Gaming Economic Development and Tourism Fund to the account for use by the department in accordance with this subarticle.Amended by P.L. TBD 2023 No. 34,§ 16, eff. 12/13/2023.Added by P.L. TBD 2022 No. 54, § 25, eff. 7/11/2022.