Taxation; state privilege tax on historical racing activities, further provided; local taxes, repealed

HB 262 restricts historical racing wagering (computerized betting on past horse races) to six specific locations in Alabama: Greene, Jefferson, Macon, Mobile, Houston, and Lowndes counties. It replaces the existing 1% state tax on pari-mutuel pools with a new 4% tax on net revenues from historical racing operations, and repeals multiple local taxes previously levied in Greene, Macon, and Mobile counties. Operators must pay the new tax monthly to the Alabama Department of Revenue, and this tax supersedes all other state and local taxes for historical racing activities. The changes take effect on October 1, 2026, and do not affect taxes for live horse racing or simulcast events.