Bus. & Prof. Code, § 19491 · Article 4. Licenses for Track Operators
Bus. & Prof. Code, § 19491
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Subject to Sections 19491.5 and 19491.6, and except as provided in Section 19491.7, every association which conducts a racing meeting shall pay as an additional license fee one-half of the breakage deducted pursuant to Section 19597 on the first twenty-four million dollars ($24,000,000) or less, excluding wagering at a satellite wagering facility, of the total amount handled in the parimutuel pools relating to its meeting and all of the breakage deducted on amounts so handled in excess of twenty-four million dollars ($24,000,000), excluding wagering at a satellite wagering facility.
(b) Every association which conducts a racing meeting shall distribute the remaining one-half of the breakage deducted pursuant to Section 19597 on the first twenty-four million dollars ($24,000,000) or less, excluding wagering at a satellite wagering facility, of the total amount handled in the parimutuel pools relating to the meeting as additional purses and for additional commissions in the same proportion, as between purses and commissions, as provided in Sections 19611, 19612, 19612.6, and 19614.
(c) Notwithstanding subdivision (b), one-half of all the breakage deducted pursuant to Section 19597 at fair racing meetings shall be retained and distributed as additional commissions.
Payment of the fee shall be made weekly on account during each meeting, and the amount attributable to breakage shall be reported as a separate item.
Notes and commentary — not statutory text
History
Amended by Stats. 2000, Ch. 1082, Sec. 39. Effective January 1, 2001.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=19491.
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business and Professions Code
- Bus. & Prof. Code, § 19491.5Printed as Sections 19491.5 and 19491.6
- Bus. & Prof. Code, § 19491.6Printed as Sections 19491.5 and 19491.6
- Bus. & Prof. Code, § 19491.7Printed as Section 19491.7
- Bus. & Prof. Code, § 19597Printed as Section 19597
- Bus. & Prof. Code, § 19611Printed as Sections 19611, 19612, 19612.6, and 19614
- Bus. & Prof. Code, § 19612Printed as Sections 19611, 19612, 19612.6, and 19614
- Bus. & Prof. Code, § 19612.6Printed as Sections 19611, 19612, 19612.6, and 19614
- Bus. & Prof. Code, § 19614Printed as Sections 19611, 19612, 19612.6, and 19614
Cited by 3 provisions
Provisions in this library whose text cites Bus. & Prof. Code, § 19491. Each shows the citation as that text prints it.
Business and Professions Code
- Bus. & Prof. Code, § 19491.5Printed as Section 19491
- Bus. & Prof. Code, § 19612Printed as Sections 19491, 19491.5, and 19610
- Bus. & Prof. Code, § 19616.51Printed as Section 19491, 19491.5, 19596.3, 19601, 19601.2, 19602, 19603, 19604, 19605.25, 19605.35, 19605.45, 19605.6, 19605.7, 19605.71, 19606.5, 19606.6, 19610.8, 19611, 19612, 19614, 19616, 19616.1, 19616.2,
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.