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Horse racing: advance deposit wagering and exchange wagering deductions.

It became law on Sep 30, 2013.

CA AB 1423 · Assembly Bill · 2013–2014

Stage
Became law
Started in
Assembly
Sponsor
1
Latest action
Sep 30, 2013

What it does

Existing law authorizes advance deposit wagering to be conducted, with the approval of the California Horse Racing Board, in accordance with specified provisions of law. Existing law requires a certain percentage of the amounts distributed for advance deposit wagering for racing meetings, except for harness racing meetings, to be deducted and distributed for the establishment and administration of a defined contribution retirement plan for California-licensed jockeys who retire on or after January 1, 2009, to supplement trainer-administered pension plans for backstretch personnel, and for distribution to a welfare fund established for horsemen and backstretch personnel, as specified.…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 30, 2013

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • Committee on Governmental OrganizationLead sponsor

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Horse racing: advance deposit wagering and exchange wagering deductions. | 52