The second meeting of the special legislative committee studying pari-mutuel tax rates in the state of Kentucky occurred on Monday, Aug. 9, reports wtvq.com.
Industry representatives praised the current rates on historical horse racing and race wagers in two presentations, one from Elisabeth Jensen, the executive vice president of the Kentucky Equine Education Project (KEEP), and the second from Chauncey Morris, executive director of the Kentucky Thoroughbred Association.
“Kentucky horse racing will remain competitive based on our current tax rates, we believe,” said Morris. “It's taken us 10 years to couple the best horse industry in the world with a more modest form of gaming and the dividends for Kentucky are transformational.”
According to WTVQ, the Pari-Mutuel Wagering Taxation Task Force is scheduled to meet once a month before presenting its findings and recommendations to the Legislation Research Commission (LRC) by Dec. 1, 2021.
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