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.

 S-1426.2

SUBSTITUTE SENATE BILL 5610

State of Washington

69th Legislature

2025 Regular Session

By Senate Business, Financial Services & Trade (originally sponsored by Senators Kauffman, Nobles, and Orwall)

READ FIRST TIME 02/14/25.

AN ACT Relating to allowing the horse racing commission to impose a fee and using class 1 racing association sales tax revenues for federal regulatory compliance; and adding new sections to chapter 67.16 RCW.

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 3 of this act. The commission may adopt rules to implement this section.