CHAPTER 298

FORMERLY HOUSE BILL NO. 515

AS AMENDED BY

HOUSE AMENDMENTS NO. 1 and 2

AN ACT AMENDING CHAPTERS 3 AND 4, TITLE 28, DELAWARE CODE. RELATING TO TAXES ON PARI-MUTUEL AND TOTALIZATOR POOLS.

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

Section 1. Section 365, Chapter 3, Title 28, Delaware Code, is amended by striking the sentence beginning with the words "The percentage of such . ." and substituting in lieu thereof the following sentence:

"The percentage of such pari-mutuel and totalizator pools to be paid as a part of such tax shall be 5 1/2% for racing meets conducted on and after August 1 during the year 1971 and 5% for racing meets conducted in any subsequent year."

Section 2. Section 366, Chapter 3, Title 28, Delaware Code, is amended by striking the sentence beginning with the words "The percentage of such . ." and substituting in lieu thereof the following sentence:

"The percentage of such pari-mutuel and totalizator pools which shall be authorized as commissions shall be 11 1/2% for racing meets conducted on and after August 1 during the year 1971 and 12% for racing meets in any subsequent year.

Section 3. Section 445, Chapter 4, Title 28, Delaware Code, is amended by striking the words "41/2%" and substituting in lieu thereof the words "5%."

Section 4. This Act shall become effective August 1, 1971.

Approved July 31, 1971.