§ 41-10-8. Payment by state to cities and towns — State aid formula.
The offtrack betting tax payable to the state under § 41-10-7(a)(1), (2), and (3) shall be paid directly by the state to the cities and towns of the state in accordance with the state aid formula as set out in § 45-13-1, and these funds shall be used by the cities and towns as a direct reduction against the residential tax rate.
History of Section.P.L. 1990, ch. 512, § 1.
Structure Rhode Island General Laws
Title 41 - Sports, Racing, and Athletics
Chapter 41-10 - Offtrack Betting
Section 41-10-1. - License required for offtrack betting.
Section 41-10-2. - City elections on establishment of offtrack betting.
Section 41-10-3. - Application for license — Action by division of gaming and athletics licensing.
Section 41-10-4. - Powers and duties of division.
Section 41-10-5. - Licensing restrictions.
Section 41-10-6. - Host community fee.
Section 41-10-7. - Offtrack betting taxes and commissions.
Section 41-10-8. - Payment by state to cities and towns — State aid formula.