A bill that aims to regulate video lottery terminals in North Carolina has been referred to the the House of Representatives’ Committee on Rules, Calendar, and Operations.
House Bill 954 is sponsored by Representatives Harry Warren, Timothy Moffit, Howard Hunter and Michael Wray.
The bill outlines that privilege taxes of $50,000 must be paid by manufacturers, $25,000 must be paid by operators and $1,000 must be paid by video lottery merchants that receive a video lottery license. This is due on July 1 each year.
In addition, operators and video lottery merchants must pay $150 in tax per video lottery terminal. A license application and renewal fee will be charged, but will not exceed $250.
Each video lottery terminal must also have a video lottery permit in order to function legally.
The bill was filed on May 11, and passed its first reading the following day.
Since then the bill has been referred multiple times, including to the Committee on Commerce and Committee on Finance, before its most recent referral.
Last week, a bill that would legalize retail and online sports betting in North Carolina passed its first reading in the state House.