This bill aims to allocate tax revenue from historical horse race wagers to the Horse Breeding Development Fund and the Horse Fair Racing Benefit Fund. By doing so, it intends to support and promote horse breeding and fair racing activities. The main provision of the bill is the redirection of specific tax funds to these designated funds for the benefit of the horse industry. This reallocation could have a significant impact on funding available for horse breeding development and fair racing events, potentially fostering growth and sustainability in these sectors.
2023-02-21: House Introduced
2023-02-21: House Referred to Committee on Taxation
2023-03-08: House Hearing: Wednesday, March 8, 2023, 3:30 PM Room 346-S
2024-04-30: House Died in Committee
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