Plain English Breakdown
The bill summary and text do not provide specific details about which veteran services will be funded by the allocated money.
Support for Veterans Services
This bill changes how money from sports gaming is used to help veterans in Tennessee.
What This Bill Does
- Changes a law so that one percent of the revenue from sports betting goes to the Department of Veterans Services.
- The money will be allocated by the council and distributed to the state treasurer for use by the Department of Veterans Services to support veterans services in Tennessee.
Who It Names or Affects
- Veterans who receive services funded by the Department of Veterans Services
- Sports gaming companies that pay taxes based on their revenue
Terms To Know
- Privilege tax
- A special kind of tax that sports gaming companies have to pay
- Department of Veterans Services
- The part of the government in Tennessee that helps veterans with services and support
Limits and Unknowns
- It is not clear what specific veteran services will be funded by this money.
- This bill only affects sports gaming revenue, not other types of gambling or taxes.