Alabama Senate Bill SB324

Alabama 2023 Regular Session

• Introduced: 5/16/23
• Refer: 5/16/23
• Report Pass: 5/17/23
• Report Pass: 5/18/23
• Refer: 5/18/23
• Report Pass: 5/24/23
• Engrossed: 5/25/23
• Refer: 5/25/23

Caption

To propose an amendment to the Constitution of Alabama of 2022, relating to Greene County, to provide legislative findings; to provide for the pari-mutuel wagering on historical horse racing on computerized machines; to levy a tax on pari-mutuel wagering on historical horse races on computerized machines; to provide for application for licensure and the operation of a racetrack; and to provide for the distribution of taxes, fees, and other monies collected by the commission.

Impact

The introduction of SB324 could significantly alter the state's gambling laws by integrating historical horse race wagering into the existing legal framework for gaming in Alabama. The bill outlines a local tax structure, imposing a tax rate of up to four percent on the betting handle, plus a state tax of one percent. These funds are earmarked for various public uses, including supporting local education, healthcare, and infrastructure improvements in Greene County, potentially bolstering the county’s economy through increased funding for essential services.

Summary

SB324 proposes an amendment to the Constitution of Alabama to enable pari-mutuel wagering on historical horse racing using computerized machines in Greene County. The bill establishes the regulatory framework for the operation and taxation of this form of gambling, seeking to offer a new revenue stream for local government and public projects. It includes provisions for the application for licensure to operate racetracks and outlines the necessary legislative findings that affirm the legality of conducting such wagering activities in the county.

Contention

While proponents argue that SB324 will stimulate economic growth by attracting visitors to Greene County and generating significant tax revenues, there are concerns regarding the impact of legalized gaming on the community. Possible opposition may arise from local advocacy groups fearing that expanded gambling could lead to social issues such as addiction and increased financial strain on vulnerable populations. Additionally, the regulation of the newly created Greene County Racing Commission could be a point of contention, as questions about accountability and oversight may surface.