Bill Text: TX SB1027 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to refunding certain taxes remitted by racing associations in consideration for enhancing racing purses.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-11 - Referred to Finance [SB1027 Detail]
Download: Texas-2015-SB1027-Introduced.html
| 2015S0412-1 03/06/15 | ||
| By: Seliger | S.B. No. 1027 | |
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| relating to refunding certain taxes remitted by racing associations | ||
| in consideration for enhancing racing purses. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1.03, Texas Racing Act (Article 179e, | ||
| Vernon's Texas Civil Statutes), is amended by adding Subdivision | ||
| (82) to read as follows: | ||
| (82) "Purse enhancement" means the positive | ||
| difference between total purse money awarded by an association for | ||
| 2014 and the total purse money awarded by the association in a | ||
| subsequent year. | ||
| SECTION 2. The Texas Racing Act (Article 179e, Vernon's | ||
| Texas Civil Statutes) is amended by adding Section 3.101 to read as | ||
| follows: | ||
| Sec. 3.101. CERTIFICATION OF PURSE ENHANCEMENT. Upon | ||
| written request of an association, the commission shall, not later | ||
| than the 30th day after receiving the request, certify in writing | ||
| the association's purse enhancement for that year. | ||
| SECTION 3. The Texas Racing Act (Article 179e, Vernon's | ||
| Texas Civil Statutes) is amended by adding Section 4.07 to read as | ||
| follows: | ||
| Sec. 4.07. PURSE ENHANCEMENT REFUNDS. (a) The comptroller | ||
| shall issue a purse enhancement refund, in an amount equal to the | ||
| previous year's purse enhancement, to an association that submits | ||
| to the comptroller a certification procured under Section 3.101 of | ||
| this Act. The purse enhancement refund shall be issued to the | ||
| association not later than the 90th day after the date the | ||
| association submits the certification to the comptroller. | ||
| (b) A purse enhancement refund may not exceed the total | ||
| amount of taxes remitted by the association for the previous year | ||
| under: | ||
| (1) Chapter 151, Tax Code; | ||
| (2) Chapter 171, Tax Code; | ||
| (3) Chapter 183, Tax Code; and | ||
| (4) Sections 6.091(a)(1) and (2) of this Act. | ||
| SECTION 4. This Act applies beginning with the tax year that | ||
| begins January 1, 2016. | ||
| SECTION 5. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2015. | ||
