Alabama § 40-26A-1 Definitions

Alabama Statutes

§ 40-26A-1 — Definitions

Alabama·Title 40 Revenue and Taxation·Ch. 26A Dog Race Track Pari-Mutuel Pool Tax

For the purpose of this chapter, the following terms shall have the respective meanings ascribed to them by this section except where the context clearly indicates a different meaning:

(1)COMMISSIONER. The Commissioner of the Department of Revenue of the State of Alabama.

(2)DEPARTMENT. The Alabama Department of Revenue.

(3)PARI-MUTUEL. A system of betting on races whereby the winners divide the total amount bet, after deducting authorized taxes, fees and management expenses, in proportion to the sums wagered individually.

(4)PARI-MUTUEL POOL. The total amount wagered under the pari-mutuel betting system in any particular race.

Free access — add to your briefcase to read the full text and ask questions with AI

For the purpose of this chapter, the following terms shall have the respective meanings ascribed to them by this section except where the context clearly indicates a different meaning:
(1) COMMISSIONER. The Commissioner of the Department of Revenue of the State of Alabama.
(2) DEPARTMENT. The Alabama Department of Revenue.
(3) PARI-MUTUEL. A system of betting on races whereby the winners divide the total amount bet, after deducting authorized taxes, fees and management expenses, in proportion to the sums wagered individually.
(4) PARI-MUTUEL POOL. The total amount wagered under the pari-mutuel betting system in any particular race.

Alabama § 40-26A-1 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.