Revision: April 7, 2017, 10:18 a.m.
SB 206-FN - AS AMENDED BY THE SENATE
03/16/2017 0806s
03/30/2017 1230s
2017 SESSION
17-0870
08/04
SENATE BILL 206-FN
AN ACT relative to wagering on simulcast racing.
SPONSORS: Sen. French, Dist 7; Sen. Innis, Dist 24
COMMITTEE: Ways and Means
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This bill modifies the requirements for simulcast racing.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/16/2017 0806s
03/30/2017 1230s 17-0870
08/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT relative to wagering on simulcast racing.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Pari-Mutuel Pools on Simulcast Racing. Amend RSA 284:22-a, II(d) to read as follows:
(d) Notwithstanding subparagraph II(a), an individual, association, partnership, joint venture, corporation, or other organization or entity may be issued a license to conduct simulcasting without conducting live horse racing at a location in Cheshire county, provided such person or entity applies for, and is issued, a license to conduct live horse racing at such location in Cheshire county, complies with other provisions of this chapter with regard to application and issuance of such license, makes such election with the approval of the commission, and such person or entity has submitted an economic development plan to the commission to conduct a live horse racing meet in Cheshire county within [36] 48 months of the granting of a license. If no live horse racing is conducted within the [36-month] 48-month period the license to receive simulcast wagers shall be revoked. The commission shall adopt regulations regarding the criteria of the proposed economic development plan prior to issuance of any approval.
2 Pari-Mutuel Pools; Tax. Amend RSA 284:23, I(c) to read as follows:
(c) Any amounts so paid to the state treasurer by any person, association, or corporation licensed to simulcast a running horse race or running horse meet under this chapter collected in Cheshire county shall be held in escrow for a period of not more than [36] 48 months by the state treasurer. If any person, association, or corporation licensed under this chapter has commenced to hold a live race meet within the [36-month] 48-month period the escrowed amounts shall be paid to the lottery commission to offset any expenses incurred for the services required to hold such meet. If there is no live race meet within the 36-month period all sums so escrowed shall be for the use of the state.
3 Pari-Mutuel Pools; Tax. Amend RSA 284:23, II(c) to read as follows:
(c) Any amounts so paid to the state treasurer by any person, association, or corporation licensed to simulcast a harness horse race or harness horse race meet under this chapter collected in Cheshire county shall be held in escrow for a period of not more than [36] 48 months by the state treasurer. If any person, association, or corporation licensed under this chapter has commenced to hold a live race meet within the [36-month] 48-month period the escrowed amounts shall be paid to the lottery commission to offset any expenses incurred for the services required to hold such meet. If there is no live race meet within the 36-month period all sums so escrowed shall be for the use of the state.
4 Pari-Mutuel Pools; Tax. Amend RSA 284:23, III(c) to read as follows:
(c) Any amounts so paid to the state treasurer by any person, association, or corporation licensed to simulcast a dog race or meet under this chapter collected in Cheshire county shall be held in escrow for a period of not more than [36] 48 months by the state treasurer. If any person, association, or corporation licensed under this chapter has commenced to hold a live race meet within the [36-month] 48-month period the escrowed amounts shall be paid to the lottery commission to offset any expenses incurred for the services required to hold such meet. If there is no live race meet within the [36-month] 48-month period all sums so escrowed shall be for the use of the state.
5 Effective Date. This act shall take effect January 1, 2018.
17-0870
Amended 4/7/17
SB 206-FN- FISCAL NOTE
AS AMENDED BY THE SENATE (AMENDMENT #2017-1230s)
AN ACT (New Title) relative to wagering on simulcast racing.
FISCAL IMPACT: [ ] State [ ] County [ ] Local [ X ] None
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METHODOLOGY:
This bill increases various deadlines from 36 to 48 months related to simulcast racing. There will be no impact on state, county, or local expenditures and revenues.
AGENCIES CONTACTED:
Lottery Commission