Florida Senate - 2020                                    SB 1314
       
       
        
       By Senator Thurston
       
       
       
       
       
       33-01541-20                                           20201314__
    1                        A bill to be entitled                      
    2         An act relating to payments to the Greyhound Racing
    3         Compensation Trust Fund; creating s. 550.916, F.S.;
    4         requiring pari-mutuel permitholders to pay the
    5         Division of Pari-mutuel Wagering within the Department
    6         of Business and Professional Regulation a specified
    7         percentage of the gross revenue derived from certain
    8         wagers; requiring the division to deposit the funds
    9         into the Greyhound Racing Compensation Trust Fund;
   10         requiring the division to calculate the reduction in
   11         certain expenses resulting from the ban on greyhound
   12         racing; requiring the division to deposit an amount
   13         equal to such calculation into the trust fund on a
   14         specified date; creating s. 551.1065, F.S.; requiring
   15         slot machine licensees to pay the division a specified
   16         percentage of the monthly gross revenue derived from
   17         slot machines; requiring the division to deposit the
   18         funds into the Greyhound Racing Compensation Trust
   19         Fund; providing for a future repeal; amending s.
   20         849.086, F.S.; requiring cardroom licensees to pay the
   21         division a specified percentage of the monthly gross
   22         receipts; requiring the division to deposit the funds
   23         into the Greyhound Racing Compensation Trust Fund;
   24         providing for a future repeal; providing a directive
   25         to the Division of Law Revision; providing contingent
   26         effective dates.
   27          
   28  Be It Enacted by the Legislature of the State of Florida:
   29  
   30         Section 1. Section 550.916, Florida Statutes, is created to
   31  read:
   32         550.916Payments to the Greyhound Racing Compensation Trust
   33  Fund.—
   34         (1)Each permitholder shall pay the division 10 percent of
   35  its gross revenue derived from wagers made at the pari-mutuel
   36  facility, or in this state as an advanced deposit wager, on
   37  simulcast, intertrack, or live greyhound racing, as well as any
   38  other form of live or recorded broadcast of greyhound racing.
   39  The division shall deposit such funds into the Greyhound Racing
   40  Compensation Trust Fund created pursuant to s. 550.915.
   41         (2)The division shall calculate the total reduction in
   42  operating expenses resulting from the constitutional ban on
   43  greyhound racing, including, but not limited to, the reduction
   44  in costs to operate a lab for conducting drug testing and the
   45  reduction in costs for inspections. A total amount equaling such
   46  reductions shall be paid to the Greyhound Racing Compensation
   47  Trust Fund on the effective date of this act.
   48         Section 2. Effective January 1, 2021, section 551.1065,
   49  Florida Statutes, is created to read:
   50         551.1065 Payments to Greyhound Racing Compensation Trust
   51  Fund.—
   52         (1)Each month, a slot machine licensee shall pay the
   53  division 1 percent of its gross revenue derived from slot
   54  machines from the previous month and the division shall deposit
   55  such funds into the Greyhound Racing Compensation Trust Fund
   56  created pursuant to s. 550.915.
   57         (2)This section expires December 31, 2031.
   58         Section 3. Paragraph (i) is added to subsection (13) of
   59  section 849.086, Florida Statutes, to read:
   60         849.086 Cardrooms authorized.—
   61         (13) TAXES AND OTHER PAYMENTS.—
   62         (i)1.Each month, a cardroom licensee shall pay the
   63  division 4 percent of its gross receipts derived from the
   64  previous month and the division shall deposit such funds into
   65  the Greyhound Racing Compensation Trust Fund created pursuant to
   66  s. 550.915.
   67         2.This paragraph expires December 31, 2031.
   68         Section 4. The Division of Law Revision is directed to
   69  replace the phrase “the effective date of this act” wherever it
   70  occurs in this act with the date the act becomes a law.
   71         Section 5. Except as otherwise expressly provided in this
   72  act, this act shall take effect on the same date that SB ___ or
   73  similar legislation takes effect, if such legislation is adopted
   74  in the same legislative session or an extension thereof and
   75  becomes a law.