2006 Kentucky Revised Statutes - .752   Harness racetracks -- Exemption from tax under KRS 138.510(2) and (3) -- Use of moneys not paid as tax.

230.752 Harness racetracks -- Exemption from tax under KRS 138.510(2) and (3) -- Use of moneys not paid as tax. All harness racetracks licensed by the authority shall not be required to pay the excise tax imposed under KRS 138.510(2) and (3), and the amount that would have been paid under those subsections shall be retained by the track to promote and maintain its facilities and its live meet. Effective: July 13, 2004 History: Created 2004 Ky. Acts ch. 173, sec. 8, effective July 13, 2004. Legislative Research Commission Note (7/13/2004). This statute, as enacted in 2004 Ky. Acts ch. 173, sec. 8, contained a reference to "the commission." The Reviser of Statutes has changed this reference to read "the authority." The change was made in accordance with 2004 Ky. Acts ch. 191, sec. 56, which instructs the Reviser of Statutes to "replace references in the Kentucky Revised Statutes to the agencies, subagencies, and officers affected by this Act with references to the appropriate successor agencies, subagencies, and officers established by this Act." Under 2004 Ky. Acts ch. 191, the Kentucky Racing Commission was abolished, and its successor agency is the Kentucky Horse Racing Authority. Page 1 of 1