Sports, Racing, and Athletics

Off Track Betting

SECTION 41-10-8

§ 41-10-8. Payment by state to cities and towns – State aid formula.

The off track betting tax payable to the state under § 41-10-7(a)(1), (2), and (3) shall be paid directly by the state to the cities and towns of the state in accordance with the state aid formula as set out in § 45-13-1, and these funds shall be used by the cities and towns as a direct reduction against the residential tax rate.

History of Section.
(P.L. 1990, ch. 512, § 1.)