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