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Can you summarize RIGL Title 41, Chapter 4?
Sports, Racing, and Athletics > Mutuel Betting and License Fees
Short Summary
The legal document pertains to the tax collection on mutuel betting at racing tracks. Licensees conducting racing events under the pari-mutuel system are required to collect an additional 5% tax on all money wagered on multiple pools, which includes all forms of wagering other than win, place, and show. The tax is distributed to various entities, including the department of business regulation, dog kennel owners, the licensee, and the state as general fund revenue. Additionally, licensees are required to collect an additional 4% tax on straight (win, place, or show) wagering, which is distributed to the town of Lincoln, dog kennel owners, and the state as general fund revenue. The document also mentions the licensee’s commission, the taxation of dog tracks, and the authority of the division of gaming and athletics licensing to supervise and inspect racing events. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Licensees conducting racing events under the pari-mutuel system
What does it govern?
Tax collection on mutuel betting at racing tracks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Rhode Island