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Senate Finance Committee advances bill to create horse racing account funded by lottery proceeds
Summary
The Senate Committee on Finance and Revenue voted to move Senate Bill 15 24 to the floor with a do-pass recommendation and referral to the Joint Committee on Ways and Means. The bill would create a horse racing account funded by 0.3% of lottery net proceeds starting in the 2027–29 biennium.
The Senate Committee on Finance and Revenue on Feb. 24 voted to advance Senate Bill 15 24 to the Senate floor with a do-pass recommendation and a subsequent referral to the Joint Committee on Ways and Means.
An analyst from the Legislative Revenue Office told the committee the bill "creates the horse racing account and allocates to the account 0.3% of lottery net proceeds"…
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