138.513 Tax on advance deposit account wagering licensees.
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/ky/chapter-138/138-513A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Beginning August 1, 2014, but before August 1, 2022, an excise tax is
imposed on all advance deposit account wagering licensees licensed under
KRS 230.260 at a rate of one-half of one percent (0.5%) of all amounts
wagered through the licensee by Kentucky residents; and
(b)Beginning August 1, 2022, an excise tax is imposed on all advance deposit
account wagering licensees licensed under KRS 230.260 at a rate of one and
one-half percent (1.5%) of all amounts wagered through the licensee by
Kentucky residents.
(2)The tax imposed by this section shall be paid, collected, administered, and
distributed as provided in KRS 138.530.