Makes changes to certain provisions regarding thoroughbreds and purses at certain tracks
Impact
The proposed changes in HB 550 impact the distribution of revenues generated from slot machine gaming operations at these facilities. While current law stipulates a fixed percentage of gaming revenues must support various entities, HB 550 establishes a different distribution model specific to the qualifying facilities. This change not only adjusts the financial obligations of these businesses but also aims to bolster support for thoroughbred purses and the Louisiana horse breeding industry, which are critical components of the state's racing infrastructure.
Summary
House Bill 550 amends existing regulations related to horse racing facilities located north of Interstate 20 and no more than 75 miles south of the Louisiana and Arkansas border. The bill mandates that these facilities maintain a minimum of 30 thoroughbred racing days over 20 consecutive weeks and clarifies that they are not required to include quarter horse races in their schedules. This is a significant policy shift aimed at promoting thoroughbred racing within a specific geographic region in Louisiana, which advocates believe will enhance the local racing economy and breeding industry.
Sentiment
The sentiment around HB 550 appears to be supportive among stakeholders in the horse racing community. Advocates for thoroughbreds argue that the new requirements will encourage more racing events and generate additional revenue for the industry. However, some concerns may exist regarding the exclusion of quarter horse racing; thus, there could be contention about whether this focus on thoroughbreds could disadvantage other forms of racing in the state. Overall, the reception of the bill seems largely positive from those who prioritize the thoroughbred sector.
Contention
The main point of contention in discussions surrounding HB 550 centers on the implications of narrowing the focus to thoroughbreds only, as the bill explicitly states that eligible facilities are not required to conduct quarter horse racing. This could lead to a possible reduction in diversity within the horse racing events offered in Louisiana, which could alienate certain horse racing enthusiasts and participants who favor quarter horses. Additionally, the specific set-aside of slot machine revenue for thoroughbreds raises questions about equitable funding and support across different racing types and facilities.
Requests that the Bd. of Regents and the State Bd. of Elementary and Secondary Education, with the Taylor Foundation, La. Office of Student Financial Assistance, public postsecondary education management boards, and certain others, study certain issues relative to TOPS
Requests the Louisiana Workforce Commission and the Louisiana Department of Veterans Affairs to study employment practices and professional licensing requirements to benefit veterans in the workforce
Creates a task force to study meaningful oversight of the professional healthcare licensing boards statutorily created within the Department of Health and Hospitals.