SB 24-1_ Filed 01/31/2006, 10:52 Kenley

SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 24 be amended to read as follows:

SOURCE: Page 2, line 22; (06)MO002401.2. -->     Page 2, between lines 22 and 23, begin a new paragraph and insert:
    " (e) If a permit holder who had simulcast races conducted in Kentucky during calendar year 2005 is not permitted under subsection (d) to simulcast races conducted in Kentucky in a particular calendar year, the commission shall determine the following amounts before December 15 of that calendar year:
        (1) The greater of:
            (A) zero (0); or
            (B) the remainder of:
                (i) the total amount of taxes collected under IC 4-31-9 in the last full calendar year in which the permit holder simulcast races conducted in Kentucky; minus
                (ii) the total amount of taxes collected under IC 4-31-9 in that particular calendar year.
        (2) The greater of:
            (A) zero (0); or
            (B) the remainder of:
                (i) the total amount of purses awarded at the permit holder's race track in the last full calendar year in which the permit holder simulcast races conducted in Kentucky; minus
                (ii) the total amount of purses awarded at the permit holder's race track in that particular calendar year.
        (3) The greater of:
            (A) zero (0); or
            (B) the remainder of:
                (i) the total amount of the permit holder's gross receipts from the permit holder's race track and satellite facility operations in the last full calendar year in which the permit holder simulcast races conducted in Kentucky; minus
                (ii) the total amount of the permit holder's gross receipts from the permit holder's race track and satellite facility operations in that particular calendar year.
        (4) The sum of the amounts determined in subdivisions (1) through (3).
The commission shall bill a permit holder operating a racetrack in Shelby County for the amount determined under subdivision (4). The permit holder shall pay to the commission the amount due before January 1 of the following calendar year.
    (f) As used in this subsection, "permit holder" refers to the permit holder described in subsection (d). The commission shall distribute the amount received under subsection (e) as follows:
        (1) The amount determined under subsection (e)(1) to the state general fund.
        (2) The amount determined under subsection (e)(2) to the horsemen's associations representing each breed that raced at the permit holder's race track in the calendar year in amounts determined by the commission.
        (3) The amount determined under subsection (e)(3) to the permit holder.
".
    (Reference is to SB 24 as printed January 25, 2006.)

________________________________________

Senator KENLEY


MO002401/DI 92
2006