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A BILL TO BE ENTITLED
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AN ACT
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relating to refunding certain taxes remitted by racing associations |
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in consideration for enhancing racing purses. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1.03, Texas Racing Act (Article 179e, |
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Vernon's Texas Civil Statutes), is amended by adding Subdivision |
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(82) to read as follows: |
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(82) "Purse enhancement" means the positive |
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difference between total purse money awarded by an association for |
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2014 and the total purse money awarded by the association in a |
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subsequent year. |
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SECTION 2. The Texas Racing Act (Article 179e, Vernon's |
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Texas Civil Statutes) is amended by adding Section 3.101 to read as |
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follows: |
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Sec. 3.101. CERTIFICATION OF PURSE ENHANCEMENT. Upon |
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written request of an association, the commission shall, not later |
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than the 30th day after receiving the request, certify in writing |
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the association's purse enhancement for that year. |
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SECTION 3. The Texas Racing Act (Article 179e, Vernon's |
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Texas Civil Statutes) is amended by adding Section 4.07 to read as |
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follows: |
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Sec. 4.07. PURSE ENHANCEMENT REFUNDS. (a) The comptroller |
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shall issue a purse enhancement refund, in an amount equal to the |
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previous year's purse enhancement, to an association that submits |
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to the comptroller a certification procured under Section 3.101 of |
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this Act. The purse enhancement refund shall be issued to the |
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association not later than the 90th day after the date the |
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association submits the certification to the comptroller. |
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(b) A purse enhancement refund may not exceed the total |
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amount of taxes remitted by the association for the previous year |
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under: |
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(1) Chapter 151, Tax Code; |
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(2) Chapter 171, Tax Code; |
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(3) Chapter 183, Tax Code; and |
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(4) Sections 6.091(a)(1) and (2) of this Act. |
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SECTION 4. This Act applies beginning with the tax year that |
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begins January 1, 2016. |
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SECTION 5. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |