CHAPTER 512

HOUSE BILL NO. 1258

AN ACT TO AMEND CHAPTER 3, TITLE 28, DELAWARE CODE, RELATING TO THE TAXES AND COMMISSIONS ON PARI-MUTUEL AND TOTALIZATOR POOLS AT HORSE RACING TRACKS.

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

Section 1. Amend §365, Chapter 3, Title 28,Delaware Code by striking the first sentence in subsection (a) of said §365 and substituting in lieu thereof the following:

"(a) Every person engaged in the business of conducting a racing meet under this Chapter shall pay as a tax to this State a percentage 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."

Section 2. Further amend §365, Chapter 3, Title 28, Delaware Code by striking the following words as they appear in both the second and third paragraphs of subsection (e) of said §365:

"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 10, such odd cents to be calculated upon the basis of each dollar wagered provided, however, that if a minus pool is created, the licensee may break to the lowest multiple of 5,".

in the first sentence of subsection (a) of said §366, and substituting in lieu thereof the word "all".

Approved July 2, 1976