1.1 	A bill for an act
1.2 	relating to horse racing; providing for use of the breeders fund;amending Minnesota 
1.3 	Statutes 2021 Supplement, section 240.131, subdivision 7.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2021 Supplement, section 240.131, subdivision 7, is amended 
1.6 	to read:
1.7 		Subd. 7.Payments to state. (a) A regulatory fee is imposed at the rate of one percent 
1.8 	of all amounts wagered by Minnesota residents with an authorized advance deposit wagering 
1.9 	provider. The fee shall be declared on a form prescribed by the commission. The ADW 
1.10 	provider must pay the fee to the commission no more than 15 days after the end of the month 
1.11 	in which the wager was made. Fees collected under this paragraph must be deposited in the 
1.12 	state treasury and credited to a racing and card-playing regulation account in the special 
1.13 	revenue fund and are appropriated to the commission to offset the costs incurred by the 
1.14 	commission as described in section 240.30, subdivision 9, or the costs associated with 
1.15 	regulating horse racing and pari-mutuel wagering in Minnesota.
1.16 	(b) A breeders fund fee is imposed in the amount of one-quarter of one percent of all 
1.17 	amounts wagered by Minnesota residents with an authorized advance deposit wagering 
1.18 	provider. The fee shall be declared on a form prescribed by the commission. The ADW 
1.19 	provider must pay the fee to the commission no more than 15 days after the end of the month 
1.20 	in which the wager was made. Fees collected under this paragraph must be deposited in the 
1.21 	state treasury and credited to a racing and card-playing regulation account in the special 
1.22 	revenue fund and are appropriated to the commission to offset the cost of administering the 
2.1 	breeders fund, to support racehorse adoption, retirement, and repurposing, and promote 
2.2 	horse breeding in Minnesota.

2.3 	EFFECTIVE DATE. This section is effective July 1, 2022.