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FISCAL NOTE
Senate Bill 298
Committee: Tourism Sponsor: Senator Bobby Singleton
Analyst: Tiffany Weaver Date: 04/23/2024
Senate Bill 298 as introduced would: (1) authorize simulcast pari-mutuel wagering on historical
horse racing on computerized machines located in Greene County; (2) impose a local tax on the
pari-mutuel wagering, at a rate of up to 4%, as set by the Greene County Racing Commission,
pursuant to the provisions of this bill; (3) impose a 1% state tax on the pari-mutuel wagering;
(4) provide for the requirements for licensure of pari-mutuel wagering on historical horse racing;
and (5) increase the annual compensation of members of the Commission.
The state and local taxes imposed on pari-mutuel wagering on historical horse racing on
computerized machines would increase receipts to: (1) the State General Fund, from the 1%
state tax imposed, by an undetermined amount dependent upon the amount wagered on
historical horse races on computerized machines; and (2) the Greene County Racing
Commission, from the local tax imposed, by an undetermined amount, dependent on the tax rate
set by the Commission, not to exceed a rate of 4% and the amount wagered on historical horse
races on computerized machines.
Additionally, this bill could increase or decrease the obligations of the Green County Racing
Commission by an unknown amount dependent on the difference between (1) the salary and
compensation of the commission members set by the legislative delegation of Greene County, as
provided by this bill and (2) the current set salary of $25,000 plus $50 for each day a member
attends a racing event. This bill would also increase the annual license fee to conduct race
meetings or par-mutuel wagering from no more than $1,000 annually to no more than $25,000
annually which could increase receipts to the Commission by an undetermined amount
dependent upon the number of licenses issued and license fee amount set by the Commission. FN-4EGYR3R-2
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Further this bill would redistribute certain monies currently appropriated to the General Fund of
Greene County, as follows:
Current Proposed
Unearmarked 55.5% 40%
Greene County for Fire
Departments
- 8.5%
Maintenance of Day Care
Centers
2% 6%
Local Legislative Delegation - 2%