It has been reported that the Kentucky House today overwhelmingly passed a bill in regard to the taxation of wagers on horse racing which are made from home
.
According to an article on courier-journal.com, House Bill 368 would place a 0.5 per cent tax on advance deposit wagers made by Kentucky residents through online and phone services such as Churchill Downs Inc.'s twinspires.com.
The House approved the bill 85-8.
“I think that it's a way for us to advance the tracks as far as adding more purse money … so I think it's something the Senate would look at,” Democratic House member Larry Clark was quoted as saying. “They talked about last session, when they did not want to do slots, finding more revenue for (tracks). This is one avenue that would find more revenue for them.”
(With files from courier-journal.com)