TITLE 41
Sports, Racing, and Athletics

CHAPTER 41-4
Mutuel Betting and License Fees

SECTION 41-4-4.1


§ 41-4-4.1 Support of racing division activities – Tax.

(a) Notwithstanding the provisions of § 41-4-3 or § 41-3.1-6 each licensee conducting racing events under the pari-mutuel system shall collect an additional five percent (5%) of all money wagered on the multiple pools at racing tracks. "Multiple pools" shall be defined as all forms of wagering other than win, place, and show. This five percent (5%) tax shall be over and above the schedule of taxes as set forth in § 41-4-3, and shall be distributed as follows:

(1) One and one half percent (1.5%) shall be paid to the department of business regulation and these proceeds shall be deposited as general revenue.

(2) One half of one percent (.5%) shall be paid to owners of dog kennels who are under contract with a licensee who shall distribute funds to the owners of dog kennels in a manner consistent with the generally accepted distribution of dog kennel owners' purses subject to an annual audit by the auditor general or his or her designee.

(3) One and one half percent (1.5%) shall be paid to the licensee provided that there is at least three hundred forty (340) scheduled performances during the calendar year.

(4) One and one half percent (1.5%) shall be paid to the state and revert to the general fund.

(b) Notwithstanding the provisions of § 41-3.1-6 each licensee conducting racing events under the pari-mutuel system shall collect an additional four percent (4%) of all moneys wagered on so called straight (win, place, or show) wagering. This four percent (4%) tax shall be over and above the schedule of taxes as set forth in § 41-3.1-6, and shall be distributed as follows:

(1) One percent (1%) shall be paid to the town of Lincoln; and

(2) One percent (1%) shall be paid to owners of dog kennels who are under contract with a licensee who shall distribute funds to the owners of dog kennels in a manner consistent with the generally accepted distribution of dog kennel owners' purses subject to an annual audit by the auditor general or his or her designee.

(3) Two percent (2%) shall be paid to the state and revert to the general fund.

History of Section.
(P.L. 1987, ch. 118, art. 25, § 4; P.L. 1989, ch. 126, art. 15, § 1; P.L. 1990, ch. 65, art. 28, § 1; P.L. 1991, ch. 97, § 2; P.L. 1995, ch. 370, art. 26, § 1; P.L. 1995, ch. 370, art. 40, § 125; P.L. 1997, ch. 30, art. 13, § 1; P.L. 1998, ch. 441, § 25; P.L. 2006, ch. 216, § 36.)