NRS 466.080
Account for Racing and Pari-Mutuel Wagering

  • disposition of proceeds of taxes
  • grants to licensees.

1.

The Account for Racing and Pari-Mutuel Wagering is hereby created within the State General Fund. The Board shall administer the Account.

2.

The Board shall distribute the proceeds of the taxes collected pursuant to NRS 466.120 and subsection 1 of NRS 466.125 in the following order of priority:

(a)

One percent of all pari-mutuel money handled on horse races which are not conducted by a state fair association, agricultural society, county fair and recreation board or other association to which state or county aid is given to the city in which the races are conducted or, if the races are conducted outside any city, to the county in which they are conducted.

(b)

Not more than 1 percent of all pari-mutuel money handled on horse races which are not conducted by a state fair association, agricultural society, county fair and recreation board or other association to which state or county aid is given to the Account for Racing and Pari-Mutuel Wagering.

(c)

The remainder to the State General Fund.

3.

A licensee who has paid the taxes required by subsection 1 of NRS 466.125 may apply to the Board to receive a grant from the account for racing and pari-mutuel wagering. The Board may recommend approval and the Commission, in its discretion, may approve a grant to the licensee for the exclusive use of providing capital improvements to the racing facility of the licensee, a purse for racing or promotion of the facility, in proportion to the amount of taxes paid to the Commission by the licensee. The Board may not recommend approval and the Commission may not approve a grant if sufficient money is not available to pay the expenses of the Board and the Commission for the administration of this chapter.

Source: Section 466.080 — Account for Racing and Pari-Mutuel Wagering; disposition of proceeds of taxes; grants to licensees., https://www.­leg.­state.­nv.­us/NRS/NRS-466.­html#NRS466Sec080.

466.010
Short title. 466.015
Purpose of chapter. 466.017
Definitions. 466.018
“Board” defined. 466.019
“Chariot race” defined. 466.021
“Commission” defined. 466.022
“Cutter race” defined. 466.025
“Heat” defined. 466.026
“Horse” defined. 466.028
“Pari-mutuel wagering” defined. 466.029
“Resort hotel” defined. 466.030
Jurisdiction of Board and Commission 466.045
Certain financial interests of member of Board or Commission prohibited. 466.065
Bonds for certain members and employees of Board and Commission. 466.070
Employees 466.080
Account for Racing and Pari-Mutuel Wagering 466.090
License required to conduct racing or pari-mutuel wagering 466.095
Issuance of license to conduct dog racing or pari-mutuel wagering in connection with certain dog racing prohibited. 466.100
Application for license to conduct racing 466.102
Deposit of advance with application. 466.104
Decision of Commission final 466.105
Application for license to conduct pari-mutuel wagering 466.110
Limitation on number of days of racing 466.115
Limitation on issuance of license for conflicting meet. 466.120
Fee for license 466.125
Tax on conducting racing with pari-mutuel wagering 466.130
Licensing and supervision of certain meetings and races at which pari-mutuel wagering will be conducted 466.140
Awarding of dates for racing 466.150
Issuance of license 466.151
Limitation on commissions deducted by licensee from pari-mutuel wagering 466.153
Place for conducting and public viewing of wagering. 466.155
Wagering outside enclosure or licensed establishment prohibited. 466.157
Limitation on wager by agent 466.159
Redemption of outstanding pari-mutuel tickets. 466.160
Charity day: Limitation on number of days in one meet. 466.170
Regulations of Commission 466.171
Renewal of license as participant in racing: Application to include information relating to state business license 466.172
Payment of child support: Statement by applicant for license 466.174
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants 466.176
Application for license to include social security number of applicant. 466.180
Powers of Board and Commission. 466.190
Report to Commission by licensee of receipts and disbursements. 466.200
Impossibility, impracticability or inadvisability of holding meet 466.210
Regulation of racing by local governments prohibited. 466.216
Unlawful use of electrical device or appliance to alter speed of racing animal 466.220
Prohibited acts 466.1045
Bond or deposit required
Last Updated

Feb. 5, 2021

§ 466.080’s source at nv​.us