238.570 Charitable gaming fee -- Charitable gaming regulatory account.
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/ky/chapter-238/238-570A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A fee is imposed on charitable gaming in the amount of fifty-three hundredths of
one percent (0.53%) of gross receipts derived from all charitable gaming conducted
by charitable organizations required to be licensed in the Commonwealth of
Kentucky. Each licensed charitable organization shall remit to the corporation all
moneys due. Failure by a licensed charitable organization to timely remit the fee
required under this subsection upon notice of delinquency shall constitute grounds
for disciplinary action in accordance with KRS 238.560.
(2)The charitable gaming regulatory account is hereby created as a corporate account
within the agency revenue fund and under the control of the Kentucky Horse
Racing and Gaming Corporation. All revenues generated from the fee levied in
subsection
(1)of this section from license fees and from administrative fines
imposed by the office shall be deposited in this account. Fund amounts attributable
to the fee levied in subsection
(1)of this section that are not expended at the close
of a fiscal year shall not lapse but shall be carried forward to the next fiscal year.