ORS 462.150¹
Regulation of underpayments
  • effect of tax

(1) If during any race meet conducted under this chapter, there is an underpayment of the amount actually due to any wagerer, the amount of such underpayment shall revert and belong to the state and be paid to the Oregon Racing Commission and become a part of its fund and shall not be retained by the licensee under whose license such race is held.

(2) However, if any government or governmental agency imposes a levy on the licensee, by a tax on the money so wagered and upon or against its receipts, the licensee may collect in addition to the percentage and the breaks allowed under ORS 462.140 (Prohibitions concerning bookmaking, betting), the amount of the tax so levied. [Amended by 1969 c.356 §20; 2007 c.71 §145]

Chapter 462

Atty. Gen. Opinions

County imposing income tax on kennel club, (1980) Vol 40, p 316

1 Legislative Counsel Committee, CHAPTER 462—Racing, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors462.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 462, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­462ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information