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RALEIGH, NC (AP) — Time has likely run out for a bill that would regulate and tax video sweepstakes operations in North Carolina.

The measure was budgeted, but not discussed during Wednesday’s House Finance Committee meeting. House Speaker Thom Tillis says he doesn’t believe there will be time to take it up this session.

The bipartisan-backed legislation would enact state, county and city privilege taxes on sweepstakes establishments and terminals. Proceeds would mainly go toward public school funding, but also miscellaneous tax breaks.

The North Carolina State Lottery Commission would regulate the fixed-outcome computer machines until April. A future state Supreme Court ruling on the legality of the games would dictate whether the regulations could be extended.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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