Establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance.

 H-1653.1

SUBSTITUTE HOUSE BILL 1703

State of Washington

69th Legislature

2025 Regular Session

By House Finance (originally sponsored by Representatives Stearns, Schmick, and Goodman)

READ FIRST TIME 02/26/25.

AN ACT Relating to establishing an equine industry tax credit, allowing the horse racing commission to impose a fee, and using equine industry sales tax revenues for federal regulatory compliance; adding new sections to chapter 67.16 RCW; adding a new section to chapter 82.04 RCW; creating a new section; providing effective dates; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 67.16 RCW to read as follows:

The commission may impose fees, as the commission deems reasonable and appropriate, in order to pay federal fees and be in compliance with the horseracing integrity and safety act of 2020, 15 U.S.C. Sec. 3051 et seq., as amended. Revenues from the fees under this section must be deposited in the Washington equine industry federal regulatory account created in section 4 of this act. The commission may adopt rules to implement this section.