Amending the Kansas parimutuel racing act regarding qualifications for an organization license, the definition of horsemen's associations and horsemen's nonprofit organizations and the distribution of certain tax revenues.
Senate Substitute for HB 2058 by Committee on Federal and State Affairs - Authorizing any gaming compact regarding sports wagering to include provisions governing sports wagering outside the boundaries of Indian lands and crediting tax revenue generated from wagers on historical horse races to the horse breeding development fund and the horse fair racing benefit fund.
Crediting tax revenue generated from wagers made on historical horse races to the horse breeding development fund and the horse fair racing benefit fund.
Regarding the distribution of the tax on parimutuel wagering on historic horse races; providing 1/3 of the amount collected shall be credited to the Kansas horse breeding development fund and 2/3 of the amount collected shall be credited to the horse fair racing benefit fund.
Crediting tax revenue generated from wagers made on historical horse races to the horse breeding development fund and the horse fair racing benefit fund.
Provides for automatic renewal of off-track wagering licenses.
Provides for automatic renewal of off-track wagering licenses.
Waives minimum number of required horse races at racetracks due to certain emergencies to avoid loss of account wagering and off-track wagering licenses, and casino simulcasting approval.