CHAPTER 386
FORMERLY
SENATE BILL NO. 383
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 3, SUBCHAPTER IV, OF TITLE 28, DELAWARE CODE, RELATING TO THE STATE TAX ON PARI-MUTUEL INCOME AND LICENSEE'S COMMISSION ON CONTRIBUTIONS TO PARI-MUTUEL AND TOTALIZATOR POOLS CONDUCTED OR MADE AT THOROUGHBRED RACE TRACKS AND STATE LICENSE FEES FOR THOROUGHBRED RACE MEET OPERATORS,
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend 365(a), Chapter 3, Title 28, Delaware Code, by striking the words "total contributions to all pari-mutuel and totalizator pools" u they appear therein and substituting in lieu thereof the following:
"licensee's commissions on pari-mutuel and totalizator pools."
Section 2. Amend 368, Chapter 3, Title 28, Delaware Code, by striking the words "paid by certified check to the Secretary of Finance" u they appear therein and substituting in lieu thereof the following:
"retained by the licensee as its property."
Section 3. This Act shall take effect for commissions and fees payable after April 12, 1986.
Approved July 2, 1986.