Taxation; state privilege tax levied for historical horse racing

This bill establishes a new 8% state privilege tax on historical horse racing activities in Alabama, which would replace all existing local taxes on these operations. The tax applies to net gambling revenue from pari-mutuel wagers on computerized historical horse racing machines, excluding promotional credits and winnings from the taxable amount. By repealing specific local tax laws in Class 1 municipalities and certain counties, the bill ensures the state tax is the only tax levied on historical horse racing, while leaving taxes on live greyhound and horse racing unchanged. The legislation would take effect on October 1, 2026, and does not authorize any new gambling activities beyond what is currently permitted by law.