137.170 Tentative state license tax on race meetings. (1) Every person engaged in the business of conducting a race meeting at which live horse races are run for stakes, purses, or prizes, under the jurisdiction of the Kentucky Horse Racing Commission, shall pay a tentative license tax to the state, as provided in subsection (2) of this section. (2) Any race track for any year commencing December 1 and ending the following November 30 for the days upon which races are actually conducted for any stake, purse, or prize, shall pay a license tax based on the average daily mutuel handle for the preceding year as follows: Average Daily Mutuel Handle License Tax $0 - $25,000 $25,000 - $250,000 $250,001 - $450,000 $450,001 - $700,000 $700,001 - $800,000 $800,001 - $900,000 $900,001 and above (3) As used in subsection (2) of this section the term "daily mutuel handle" shall mean the total gross amount of money bet or wagered by a race track's patrons by means of pari-mutuel, combination, or French pools on live races conducted by the track. $ 0 $ 175 $ 500 $1,000 $1,500 $2,000 $2,500 Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 104, effective July 15, 2010. -- Amended 2004 Ky. Acts ch. 191, sec. 46, effective July 13, 2004. -- Amended 1994 Ky. Acts ch. 65, sec. 6, effective July 15, 1994; and ch. 272, sec. 1, effective July 15, 1994. – Amended 1992 Ky. Acts ch. 109, sec. 4, effective March 30, 1992. -- Amended 1984 Ky. Acts ch. 240, sec. 1, effective July 13, 1984. -- Amended 1958 Ky. Acts ch. 33, secs. 1 and 2, effective June 19, 1958. -- Amended 1942 Ky. Acts ch. 90, secs. 1 and 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4223b-6, 4223b-7.