Parimutuel Racing Tax Act

Summary

Parimutuel Racing Tax Act - States the finding of the Congress that the sport of running horses and dogs in contests of speed, the outcome of which is subject to parimutuel wagering, is licensed and regulated by, and carried on in, thirty-one States. States the finding that such sport involves the use of, has an effect on, and depends upon, the channels of interstate and foreign commerce. Defines the terms used in this Act. Imposes a special tax of $250 per year to be paid by each person who conducts a racing meeting. Provides that those conducting more than one such meeting shall be liable for a special tax for each meeting. Requires the registration of those required to pay the special tax imposed by this Act. Provides for a penalty of up to one year and a day imprisonment, or a fine of $1,000, or both, for violations of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 14 January 1975

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.