FINAL BILL REPORT
SB 5125
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent. |
C 87 L 09
Synopsis as Enacted
Brief Description: Concerning the Washington horse racing commission Washington bred owners' bonus fund and breeder awards account.
Sponsors: Senators Hewitt and Kohl-Welles; by request of Horse Racing Commission.
Senate Committee on Labor, Commerce & Consumer Protection
House Committee on Commerce & Labor
House Committee on General Government Appropriations
Background: Licensees of the Horse Racing Commission (Commission) must withhold and pay daily to the Commission 1 percent of the gross receipts of all parimutuel machines at each race meet. This amount is distributed by the Commission to licensed owners of Washington bred horses through the Washington Bred Owners' Bonus Fund Account.
One percent of the daily gross receipts of all parimutuel machines from exotic wagers at each race meet is used for Washington bred breeder awards which is distributed by Emerald Downs. The Commission does not have authority to distribute Washington bred breeder awards.
Summary: The Commission may collect and distribute both the Washington bred owners' bonuses and the Washington bred breeder awards. One percent of the gross receipts of all parimutuel machines from exotic wagers must be paid to the Commission at the end of a race meet and must be used by the Commission for Washington bred breeder awards. The Washington Bred Owner's Bonus Fund Account is changed to the Washington Bred Owner's Bonus Fund and Breeder Awards Account.
Votes on Final Passage:
Senate | 45 | 0 | |
House | 94 | 1 |
Effective: | July 26, 2009 |
August 1, 2009 (Section 4) |