§ 9334. State Racing Fund and tax rate
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 3 Pa.C.S.A. AgricultureEffective: October 28, 2016
Effective: October 28, 2016
3 Pa.C.S.A. § 9334
Formerly cited as PA ST 4 P.S. § 325.222; PA ST 71 P.S. § 720.54; PA ST 72 P.S. § 8603-B
§ 9334. State Racing Fund and tax rate
(a) Fund.--There is established in the State Treasury the State Racing Fund. For fiscal year 2015-2016, money in the fund is appropriated on a continuing basis to the department for the purposes of administering this chapter. Beginning on July 1, 2016, all money deposited in the fund, except money deposited in restricted accounts, shall be annually appropriated by the General Assembly for the administration and enforcement of this chapter and for the oversight and promotion of horse racing in this Commonwealth. A licensed racing entity that conducts horse race meetings or a secondary pari-mutuel organization shall pay a tax to the Department of Revenue for deposit in the State Racing Fund.
(i) Fifty percent shall remain in the State Racing Fund as a carry forward balance to the next fiscal year. Any carry forward balance shall be first applied to the cost of equine testing under section 9374 (relating to costs of enforcement of medication rules or regulations) and, if any still remains, for commission expenses as budgeted by the General Assembly.
Credits
2016, Oct. 28, P.L. 913, No. 114, § 4, imd. effective.
3 Pa.C.S.A. § 9334, PA ST 3 Pa.C.S.A. § 9334
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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