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Old 01-30-2014, 09:46 PM   #14
jdhanover
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Join Date: Apr 2011
Posts: 3,089
Not quite sure what this means (looks like a 0.7 surcharge in addition to a .25 tax) but it is the only details I could find:

The legislation extends an existing .25 percent account-wagering tax, but also introduces new de facto taxes, called surcharges, that will be borne by horseplayers and are unrelated to account-wagering law. HB 11 mandates bet-takers impose an additional 0.2 percent surcharge on winning wagers and the profits from them, to be split evenly between track operators and purses. It also allows bet-takers to impose up to a 0.5 percent surcharge on winning wagers and the profits from them. The first $100,000 collected from the mandatory surcharge will be deposited into a Quarter Horse purse fund, with all remaining money put into the general horse racing fund.
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