CHAPTER 345

RELATING TO HORSE RACING

AN ACT TO AMEND CHAPTER 3, TITLE 28, DELAWARE CODE OF 1953 RELATING TO HORSE RACING.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. § 365, Chapter 3, Title 28, Delaware Code of 1953, is amended by striking out all of said section and substituting in lieu thereof the following:

§ 365. Tax on pari-mutuel and totalizator pools

Every person engaged in the business of conducting a racing meet under this chapter shall pay as a tax to this State 31/2% of the total contributions to all pari-mutuel and totalizator pools conducted or made on any and every race track licensed under this chapter and on every race at such track, plus one-half of the odd cents of all redistributions to be made on pari-mutuel or totalizator pool contributions exceeding the sum equal to the lowest multiple of ten, such odd cents to be calculated upon the basis of each dollar wagered. The tax shall be paid by certified check and shall be transmitted by the licensee to the Commission. If the Commission finds it correct it shall transmit the check to the State Treasurer.

Section 2. § 366, Chapter 3, Title 28, Delaware Code of 1953, is amended by striking out all of sub-paragraph (a) thereof and substituting in lieu thereof the following:

§ 366. Licensee's commissions on pari-mutuel and totalizator pools; use

(a) The Commission shall authorize as commissions on pari-mutuel and totalizator pools to the licensee operating a racing meet, 3% of the total contributions to all pari-mutuel and totalizator pools conducted by him at the racing meet, and at every race at the meeting, plus one-half of the odd cents of all redistributions to be made on all pari-mutuel or totalizator pool contributions exceeding the sum equal to the next lowest multiple of ten, such odd cents to be calculated upon the basis of each dollar wagered.

Section 3. This act shall become effective January 1, 1954.

Approved July 10, 1953.