Gaming. Video-Slot Machines. Taxation.

GAMING. VIDEO-SLOT MACHINES. TAXATION. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTES. Amends Constitution to permit voter-approved casino gambling statutes. Authorizes certain video-slot machines in Palm Springs not to exceed 3,000 machines, if all forms of permitted gambling and games were conditionally approved by majority of Palm Springs\u27 voters prior to January 1, 1996. Requires two-thirds voter approval at local level for new cardrooms or expansions of existing cardrooms. Taxes video-slot machine revenues and requires that taxes be used for local public safety. Provides measure is severable from any conflicting measure on the ballot or supersedes any legislative regulatory scheme. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Net state revenues could increase by up to tens of millions of dollars annually from taxes associated with gambling operations and other related economic activity. Local revenues statewide could increase up to tens of millions of dollars annually from additional taxes and fees from gaming operations and other related economic activity. Some of these revenues would be restricted to use for local public safety activities