1251yc

    On the printed bill, delete everything after the enacting clause and insert:

"    Section 1. That chapter 42-7 be amended by adding a NEW SECTION to read:

    Notwithstanding § 42-7-105 or any other provision of this chapter, the commission may license and regulate multi-jurisdictional totalizator hubs located outside of this state who conduct pari-mutuel wagering on simulcast races and accept wagers from South Dakota residents at out-of-state facilities. The commission shall impose a source market fee on persons licensed under this section of five percent of gross receipts of all pari-mutuel wagering by South Dakota residents conducted by persons at out-of-state simulcast facilities, of which the special racing revolving fund shall receive four percent of gross receipts and the South Dakota-bred racing fund shall receive one percent of gross receipts.

    Section 2. That § 42-7-89 be amended to read:

    42-7-89. The payments required in section 1 of this Act, §§ 42-7-63, 42-7-79, 42-7-85, 42-7-88, and 42-7-102 to be made by the licensee to the state treasurer are in lieu of all other or further excise or occupational taxes to the state or any county, municipality, or other political subdivision. "