California Business and Professions Code

§ 19597

BPC § 19597 Effective Jan 1, 2001Div. 8 · Ch. 4 · Art. 9

Statute text

Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.

Legislative history

Amended by Stats. 2000, Ch. 1082, Sec. 83. Effective January 1, 2001.