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ENGROSSED
SUBSTITUTE HOUSE BILL 1247
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Passed
Legislature - 1995 Regular Session
State of Washington 54th
Legislature 1995 Regular Session
By
Read first time 02/09/95.
Promoting horse
racing.
AN ACT
Relating to Washington thoroughbred racing; amending RCW 67.16.105; creating a
new section; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE
OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1. It is the
intent of the legislature that one-half of the money being paid into the
Washington thoroughbred racing fund continue to be directed to enhanced purses,
and that one-half of the money being paid into the fund continue to be
deposited into an escrow or trust account and used for the construction of a
new thoroughbred racing facility in western Washington.
Sec.
2. RCW
67.16.105 and 1994 c 159 s 2 are each amended to read as follows:
(1)
Licensees of race meets that are nonprofit in nature, are of ten days or less,
and have an average daily handle of one hundred twenty thousand dollars or less
shall withhold and pay to the commission daily for each authorized day of
racing one-half percent of the daily gross receipts from all parimutuel
machines at each race meet.
(2)
Licensees of race meets that do not fall under subsection (1) of this section
shall withhold and pay to the commission daily for each authorized day of
racing the following applicable percentage of all daily gross receipts from all
parimutuel machines at each race meet:
(a) If
the daily gross receipts of all parimutuel machines are more than two hundred
fifty thousand dollars, the licensee shall withhold and pay to the commission
daily two and one-half percent of the daily gross receipts; and
(b) If
the daily gross receipts of all parimutuel machines are two hundred fifty
thousand dollars or less, the licensee shall withhold and pay to the commission
daily one percent of the daily gross receipts.
(3) In
addition to those amounts in subsections (1) and (2) of this section, all
licensees shall forward one-tenth of one percent of the daily gross receipts of
all parimutuel machines to the commission daily for payment to those nonprofit
race meets as set forth in RCW 67.16.130 and subsection (1) of this section,
but said percentage shall not be charged against the licensees. The total of
such payments shall not exceed one hundred fifty thousand dollars in any one
year and any amount in excess of one hundred fifty thousand dollars shall be
remitted to the general fund. Payments to nonprofit race meets under this
subsection shall be distributed on a pro rata per-race-day basis and used only
for purses at race tracks that have been operating under RCW 67.16.130 and
subsection (1) of this section for the five consecutive years immediately
preceding the year of payment.
(4) In
addition to those sums paid to the commission in subsection (2) of this
section, licensees who are nonprofit corporations and have race meets of thirty
days or more shall retain and dedicate: (a) An amount equal to one and
one-quarter percent of the daily gross receipts of all parimutuel machines at
each race meet to be used solely for the purpose of increasing purses; and (b)
an amount equal to one and one-quarter percent of the daily gross receipts of
all parimutuel machines at each race meet to be deposited in an escrow or trust
account and used solely for construction of a new thoroughbred race track facility
in western Washington. Said percentages shall come from that amount the
licensee is authorized to retain under RCW 67.16.170(2). The commission shall
adopt such rules as may be necessary to enforce this subsection. ((The
provisions of this subsection shall apply through June 1, 1995.))
(5) In
the event the new race track is not constructed before January 1, 2001, all
funds including interest, remaining in the escrow or trust account established
in subsection (4) of this section, shall revert to the state general fund.
(((6)
Effective June 1, 1995, licensees who are nonprofit corporations and have race
meets of thirty days or more shall withhold and pay to the commission daily for
each authorized day of racing an amount equal to two and one-half percent of
the daily gross receipts of all parimutuel machines at each race meet. These
percentages shall come from the amount that the licensee is authorized to
retain under RCW 67.16.170(2) and shall be in addition to those sums paid to
the commission in subsection (2) of this section. The commission shall deposit
these moneys in the Washington thoroughbred racing fund created in RCW
67.16.250.))
NEW SECTION. Sec. 3. This act
is necessary for the immediate preservation of the public peace, health, or
safety, or support of the state government and its existing public
institutions, and shall take effect immediately.
