Deductions for Net Sports Betting Proceeds

The bill header was updated from 'REREVISED' to 'REVISED' and the amendment status description was adjusted to reflect that amendments were adopted on second reading in the Second House rather than all amendments adopted.

The '3rd Reading Unamended' stamp and date (May 6, 2025) were removed from the Senate section, indicating the bill is no longer in that specific unamended state.

The Senate sponsorship list was modified by removing the names of several senators (Amabile, Bridges, Kipp, Snyder, Weissman) and adding a line break after Roberts, likely reflecting changes in sponsorship or co-sponsorship status following Senate amendments.

Removed conflicting provision (I.5) that stated operators cannot deduct any free bets after July 1, 2026, which contradicted the graduated deduction percentages established in earlier sections.

Reorganized bill structure to reflect amendments adopted in both House and Senate, including updated sponsor lists and committee assignments.

Adjusted line numbering and formatting to align with final legislative version after committee amendments were incorporated.

Added a new Section 2 appropriating $17,135 for the 2025-26 fiscal year to fund tax administration IT support and personnel services.

Changed the effective date for removing the free bet deduction from July 1, 2026 to September 1, 2025, and adjusted the associated percentage thresholds to align with this earlier date.

Updated the bill title to reflect the addition of the appropriation provision.

The appropriation of $17,135 for tax administration IT system support and personal services was removed from the bill.

The two percent free bet deduction period was extended through August 31, 2025, instead of ending June 30, 2026.

The one and three-quarters percent free bet deduction period now begins on September 1, 2025, instead of July 1, 2026.

A new requirement was added stating that sports betting operators must stop deducting any free bets from net proceeds starting July 1, 2026.

Corrected a typo in the end date for the free bet deduction period from 'Junc 30, 2026 DECEMBER 31, 2025' to 'June 30, 2026 DECEMBER 31, 2025'.

Added a new provision (I.5) that states sports betting operators cannot deduct any free bets from July 1, 2026 onward.

Added administrative notes indicating the bill is prepared for signatures and clarifying how to check legislative status.

The period for deducting two percent of free bets was extended from June 30, 2025 to December 31, 2025.

The period for deducting one and three-quarters percent of free bets was corrected from July 1, 2026 to January 1, 2026 through June 30, 2026.

A new provision was added stating that starting July 1, 2026, sports betting operators cannot deduct any free bets when calculating net proceeds for tax purposes.

Minor formatting and sponsorship information changes were made to reflect the final signed version of the bill.

Added four new sponsors (Bacon, Boesenecker, Clifford, Duran, Woodrow, Zokaie) to the House sponsorship list.

Changed the bill status header from 'ENGROSSED' to 'REENGROSSED' to reflect the new version of the bill.

Added a note indicating the bill summary applies to the third reading unamended version and will be updated for the reengrossed version.

The deadline for removing the free bet deduction was changed from September 1, 2025, to July 1, 2026, giving operators more time to adjust their calculations.

A new appropriation of $17,135 was added for the 2025-26 fiscal year to fund tax administration IT systems and personnel services.

The deduction percentages for free bets were adjusted to align with the extended timeline, with specific dates modified to reflect the new phase-out schedule.

Minor formatting and section numbering changes were made to correct the bill structure and add a new Section 2 for the appropriation.