SB 226 increases the maximum bet allowed on video lottery machines from $2 to $5 per game and creates a new "residential tax reduction fund" to provide property tax relief for homeowners, funded by redirecting video lottery revenues that exceed $165 million annually. The bill changes how the state's share of video lottery profits is distributed—instead of all profits going to the general fund, any amount above $165 million per year will be deposited into this new property tax relief fund.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 8, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 179
Prime sponsor · Sen.
R
Cosponsors
Commerce and Energy — Deferred to the 41st legislative day