Summary:

 House Bill 241 (HB 241) amends definitions in the Gaming Control Act to include "allowable gaming expenses" and "balance of net take". 

Legislation Overview:

 House Bill 241 (HB 241) amends definitions in the Gaming Control Act, adding:

"allowable gaming expenses", meaning means the following expenses: (1) purchase prices of non-cash prizes; (2) security and surveillance expenses; (3) independent accountant fees; (4) license fees, including renewals and gaming machine license fees; (5) utilities attributed to the licensed premises; (6) installment payments to an independent administrator or lease payments; (7) gaming device repair and maintenance; (8) gaming employees' salaries and employment taxes; (9) gaming supplies; (10) approved management fees; and (11) licensed premises repair and maintenance; and 

"balance of net take", meaning the amount of net take remaining after a gaming operation licensee pays the gaming tax and other applicable taxes, income and allowable gaming expenses.
 

Current Law:

 The current Gaming Control Act does not include these terms and definitions.