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HF 3545

as introduced - 92nd Legislature (2021 - 2022) Posted on 05/09/2022 02:49pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/17/2022

Current Version - as introduced

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A bill for an act
relating to horse racing; providing for use of the breeders fund; amending Minnesota
Statutes 2021 Supplement, section 240.131, subdivision 7.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2021 Supplement, section 240.131, subdivision 7, is amended
to read:


Subd. 7.

Payments to state.

(a) A regulatory fee is imposed at the rate of one percent
of all amounts wagered by Minnesota residents with an authorized advance deposit wagering
provider. The fee shall be declared on a form prescribed by the commission. The ADW
provider must pay the fee to the commission no more than 15 days after the end of the month
in which the wager was made. Fees collected under this paragraph must be deposited in the
state treasury and credited to a racing and card-playing regulation account in the special
revenue fund and are appropriated to the commission to offset the costs incurred by the
commission as described in section 240.30, subdivision 9, or the costs associated with
regulating horse racing and pari-mutuel wagering in Minnesota.

(b) A breeders fund fee is imposed in the amount of one-quarter of one percent of all
amounts wagered by Minnesota residents with an authorized advance deposit wagering
provider. The fee shall be declared on a form prescribed by the commission. The ADW
provider must pay the fee to the commission no more than 15 days after the end of the month
in which the wager was made. Fees collected under this paragraph must be deposited in the
state treasury and credited to a racing and card-playing regulation account in the special
revenue fund and are appropriated to the commission to offset the cost of administering the
breeders fundnew text begin, to support racehorse adoption, retirement, and repurposing,new text end and promote
horse breeding in Minnesota.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2022.
new text end