Bill Would Preserve Horse-Racing Subsidy

A Senate bill amended earlier this month would restore statutes allowing certain California horse-racing associations that conduct races to deduct a percentage of the total amount handled in exotic parimutuel pools for the purposes of defraying costs of workers' compensation insurance.Sen. Roger Hernandez, D-West Covina, amended his Senate Bill 777 to re-instate three sections of the Business and Professions Code relating to horse racing that expired on Jan. 1, 2014. On Tuesday, he amended the bill to make it an emergency measure that would take effect immediately if signed into law.Busine...