| 1 | 1 | | 2015S0412-1 03/06/15 |
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| 2 | 2 | | By: Seliger S.B. No. 1027 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to refunding certain taxes remitted by racing associations |
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| 8 | 8 | | in consideration for enhancing racing purses. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 1.03, Texas Racing Act (Article 179e, |
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| 11 | 11 | | Vernon's Texas Civil Statutes), is amended by adding Subdivision |
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| 12 | 12 | | (82) to read as follows: |
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| 13 | 13 | | (82) "Purse enhancement" means the positive |
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| 14 | 14 | | difference between total purse money awarded by an association for |
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| 15 | 15 | | 2014 and the total purse money awarded by the association in a |
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| 16 | 16 | | subsequent year. |
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| 17 | 17 | | SECTION 2. The Texas Racing Act (Article 179e, Vernon's |
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| 18 | 18 | | Texas Civil Statutes) is amended by adding Section 3.101 to read as |
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| 19 | 19 | | follows: |
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| 20 | 20 | | Sec. 3.101. CERTIFICATION OF PURSE ENHANCEMENT. Upon |
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| 21 | 21 | | written request of an association, the commission shall, not later |
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| 22 | 22 | | than the 30th day after receiving the request, certify in writing |
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| 23 | 23 | | the association's purse enhancement for that year. |
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| 24 | 24 | | SECTION 3. The Texas Racing Act (Article 179e, Vernon's |
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| 25 | 25 | | Texas Civil Statutes) is amended by adding Section 4.07 to read as |
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| 26 | 26 | | follows: |
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| 27 | 27 | | Sec. 4.07. PURSE ENHANCEMENT REFUNDS. (a) The comptroller |
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| 28 | 28 | | shall issue a purse enhancement refund, in an amount equal to the |
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| 29 | 29 | | previous year's purse enhancement, to an association that submits |
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| 30 | 30 | | to the comptroller a certification procured under Section 3.101 of |
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| 31 | 31 | | this Act. The purse enhancement refund shall be issued to the |
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| 32 | 32 | | association not later than the 90th day after the date the |
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| 33 | 33 | | association submits the certification to the comptroller. |
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| 34 | 34 | | (b) A purse enhancement refund may not exceed the total |
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| 35 | 35 | | amount of taxes remitted by the association for the previous year |
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| 36 | 36 | | under: |
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| 37 | 37 | | (1) Chapter 151, Tax Code; |
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| 38 | 38 | | (2) Chapter 171, Tax Code; |
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| 39 | 39 | | (3) Chapter 183, Tax Code; and |
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| 40 | 40 | | (4) Sections 6.091(a)(1) and (2) of this Act. |
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| 41 | 41 | | SECTION 4. This Act applies beginning with the tax year that |
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| 42 | 42 | | begins January 1, 2016. |
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| 43 | 43 | | SECTION 5. This Act takes effect immediately if it receives |
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| 44 | 44 | | a vote of two-thirds of all the members elected to each house, as |
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| 45 | 45 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 46 | 46 | | Act does not receive the vote necessary for immediate effect, this |
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| 47 | 47 | | Act takes effect September 1, 2015. |
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