HF 3761

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to gambling; removing the sunset date for tax 
  1.3             abatement of pari-mutuel pools; amending Minnesota 
  1.4             Statutes 1996, section 240.15, subdivision 1. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1996, section 240.15, 
  1.7   subdivision 1, is amended to read: 
  1.8      Subdivision 1.  [TAXES IMPOSED.] (a) From July 1, 1996, 
  1.9   until July 1, 1999, There is imposed a tax at the rate of six 
  1.10  percent of the amount in excess of $12,000,000 annually withheld 
  1.11  from all pari-mutuel pools by the licensee, including breakage 
  1.12  and amounts withheld under section 240.13, subdivision 4.  After 
  1.13  June 30, 1999, the tax is imposed on the total amount withheld 
  1.14  from all pari-mutuel pools.  For the purpose of this 
  1.15  subdivision, "annually" is the period from July 1 to June 30 of 
  1.16  the next year. 
  1.17     In addition to the above tax, the licensee must designate 
  1.18  and pay to the commission a tax of one percent of the total 
  1.19  amount bet on each racing day, for deposit in the Minnesota 
  1.20  breeders fund.  
  1.21     The taxes imposed by this clause must be paid from the 
  1.22  amounts permitted to be withheld by a licensee under section 
  1.23  240.13, subdivision 4.  
  1.24     (b) The commission may impose an admissions tax of not more 
  1.25  than ten cents on each paid admission at a licensed racetrack on 
  2.1   a racing day if:  
  2.2      (1) the tax is requested by a local unit of government 
  2.3   within whose borders the track is located; 
  2.4      (2) a public hearing is held on the request; and 
  2.5      (3) the commission finds that the local unit of government 
  2.6   requesting the tax is in need of its revenue to meet 
  2.7   extraordinary expenses caused by the racetrack.