view raw text
MAY TAX RACING IN KENTUCKY. Lexington, Ky., Oct. 4. While members of the State Board of Tax Commissioners have agreed not to discuss the tentative sections that may form the new tax measure to be drafted within the next few days, it can be stated authoritatively that among the proposals made as a means to increase revenue for the state is a tax on racing and stamp tax on beer. It has been decided that either of these proposals will be accepted, but .both have been discussed in the meetings of the commission, which has been in session four- days each week for tlte past fortnight or more. With reference to the taxation on racing, no definite proposal appears to have been made. It was, according to good authority, suggested that there should be some revenue to the state from racing. The nearest approach to a solution is said to hare been contained in -the further suggestion that a tax of one per. cent on the gross betting receipts of the tracks would be reasonable. It was explained that one; per cent of such receipts would, represent what is known as the "breaks," they being the fractional residue after the commission of five per ceat lor the race track has been deducted.
