(a) Annually as of June 30, if, after comparing all racing Commission expenditures to the total of fees paid to the Commission under sections 615 and 618 of this title, there remains a deficit, then the Commission shall, on or before August 14 next, assess all licensees under section 610 of this title, except agricultural fair licensees, an amount sufficient to cover the deficiency. These assessments shall be on an equitable and practicable basis adopted by the Commission by rule.

(b) If any such licensee shall fail to remit payment for the expense apportionment billed by the Commission, its license may be revoked or suspended for a period of not less than one year.

(c) In addition to the authority granted in subsection (b) of this section, the Commission shall have the same authority to collect assessments levied under this section as granted to the Commissioner of Taxes to enforce and collect the tax on income under 32 V.S.A. chapter 151. (Added 1985, No. 200 (Adj. Sess.), § 6; amended 2017, No. 113 (Adj. Sess.), § 180.)