Senate Bill sb2830

    Florida Senate - 2003                                  SB 2830

    By Senator Haridopolos





    26-2268-03

  1                      A bill to be entitled

  2         An act relating to pari-mutuel wagering;

  3         amending s. 550.09511, F.S.; reducing the rate

  4         of tax on handle for certain jai alai

  5         permitholders who conduct intertrack wagering;

  6         amending s. 550.615, F.S.; revising provisions

  7         with respect to intertrack wagering; removing a

  8         limitation on receiving broadcasts of certain

  9         races or games; providing an effective date.

10  

11  Be It Enacted by the Legislature of the State of Florida:

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13         Section 1.  Subsection (3) of section 550.09511,

14  Florida Statutes, is amended to read:

15         550.09511  Jai alai taxes; abandoned interest in a

16  permit for nonpayment of taxes.--

17         (3)(a)  Notwithstanding the provisions of subsection

18  (2) and s. 550.0951(3)(c)1., any jai alai permitholder which

19  is restricted under Florida law from operating live

20  performances on a year-round basis is entitled to conduct

21  wagering on live performances at a tax rate of 3.85 percent of

22  live handle.  Such permitholder is also entitled to conduct

23  intertrack wagering as a host permitholder on live jai alai

24  games at its fronton at a tax rate of 2.0 3.3 percent of

25  handle at such time as the total tax on intertrack handle paid

26  to the division by the permitholder during the current state

27  fiscal year exceeds the total tax on intertrack handle paid to

28  the division by the permitholder during the 1992-1993 state

29  fiscal year.

30         (b)  The payment of taxes pursuant to paragraph (a)

31  shall be calculated and commence beginning the day after the

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    Florida Senate - 2003                                  SB 2830
    26-2268-03




 1  biweekly period in which the permitholder is first entitled to

 2  the reduced rate specified in this subsection.

 3         Section 2.  Subsection (2) of section 550.615, Florida

 4  Statutes, is amended to read:

 5         550.615  Intertrack wagering.--

 6         (2)  Any track or fronton licensed under this chapter

 7  which in the preceding year conducted a full schedule of live

 8  racing is qualified to, at any time, receive broadcasts of any

 9  class of pari-mutuel race or game and accept wagers on such

10  races or games conducted by any class of permitholders

11  licensed under this chapter.

12         Section 3.  This act shall take effect upon becoming a

13  law.

14  

15            *****************************************

16                       LEGISLATIVE SUMMARY

17  
      Reduces to 2.0 percent the tax on handle for jai alai
18    permitholders to conduct intertrack wagering as a host
      permitholder on live jai alai games at its fronton.
19    Revises the provision of law governing intertrack
      wagering to eliminate a requirement that the licensed
20    track or fronton must have conducted a full schedule of
      live racing in the preceding year to be qualified for
21    intertrack wagering.

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CODING: Words stricken are deletions; words underlined are additions.