{"data":{"id":"us-ky/krs-137.170","jurisdiction":"us-ky","citation":"KRS 137.170","heading":"Tentative state license tax on race meetings.","body":"(1) Every person engaged in the business of conducting a race meeting at which live horse races are run for stakes, purses, or prizes, under the jurisdiction of the Kentucky Horse Racing and Gaming Corporation, shall pay a tentative license tax to the state, as provided in subsection (2) of this section.\n(2) Any race track for any year commencing December 1 and ending the following November 30 for the days upon which races are actually conducted for any stake, purse, or prize, shall pay a license tax based on t he average daily mutuel handle for the preceding year as follows: Average Daily Mutuel Handle                           License Tax $0 - $25,000 $       0 $25,000 - $250,000 $   175 $250,001 - $450,000 $   500 $450,001 - $700,000 $1,000 $700,001 - $800,000 $1,500 $800,001 - $900,000 $2,000 $900,001 and above $2,500\n(3) As used in subsection (2) of this section the term \"daily mutuel handle\" shal l mean the total gross amount of money bet or wagered by a race track's patrons by means of pari-mutuel, combination, or French pools on live races conducted by the track.","path":["KRS Chapter 137"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54680","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:28Z","sha256":"dbb61e7a34b52dc3435358e63a6007c72b170aef43d3093063c59a59653fb70d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-137.160","next":"us-ky/krs-137.180"},"notice":"GroundRules: Original legal text. Not legal advice."}