A Kentucky lawmaker is preparing racing-related legislation with a primary goal of funding the Kentucky Horse Racing Commission, equine drug testing, and supplements for purses and stakes at the state’s racetracks.

The draft bill authored by Republican Sen. Damon Thayer basically shifts tax dollars back to the horse racing industry. Depending on pari-mutuel handle, the measure could raise $4 million to $6 million a year, Thayer said.

The concept is similar to one in which a 6% tax on stallion fees was used to create breeders’ incentive funds in Kentucky.

A December report from the Governor’s Task Force on the Future of Racing recommended a hike in the pari-mutuel tax and purse deductions to help fund the KHRC and drug testing. Thayer said he opposes that plan