Utah Senate Bill SB0107

Utah 2022 Regular Session

• Introduced: 1/18/22
• Refer: 1/26/22
• Report Pass: 3/2/22
• Failed: 3/4/22

Caption

Horse Racing Amendments

Impact

The introduction of SB 107 has significant implications for the administration of horse racing in Utah. By establishing a structured financial framework for the Horse Racing Account, the bill ensures a more consistent funding stream for various aspects of horse racing. Notably, it requires that a minimum percentage of the account's revenues be designated for purse distributions and breeder awards, which could enhance the competitiveness of local horse racing events and incentivize breeding efforts in the state. As a result, this could support the overall growth of the horse racing industry in Utah.

Summary

Senate Bill 107, titled the Horse Racing Amendments, seeks to amend several provisions related to horse racing within Utah. The bill is primarily focused on updating definitions and rules that govern the state’s horse racing operations. It specifies the purposes and sources of revenue for the Horse Racing Account and outlines how the funds can be utilized. This account will now include license fees, revenue from fines, and legislative appropriations, which are earmarked for various administrative costs, as well as purse distributions and breeder awards to support the horse industry in the state.

Contention

However, the bill is not without its points of contention among stakeholders. Opponents may raise concerns over the allocation of funds, particularly regarding how the commission determines purse distributions and the potential impacts on smaller racing operations. Additionally, while proponents argue that these amendments are necessary for the advancement of the industry, there may be fears that the changes could favor larger, more established racing organizations over smaller entities, leading to imbalances in how resources are distributed within the state’s horse racing community.