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| | HB5837 | - 2 - | LRB102 29408 AMQ 41401 b |
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1 | | responsible for tax payments, in
a specially created, separate |
2 | | bank account maintained by the video gaming
terminal operator
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3 | | to allow for electronic fund transfers of moneys for tax |
4 | | payment.
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5 | | (d) Each licensed establishment, licensed truck stop |
6 | | establishment, licensed large truck stop establishment, |
7 | | licensed fraternal establishment,
and licensed veterans |
8 | | establishment shall maintain an adequate video gaming
fund, |
9 | | with the amount to be determined by the Board.
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10 | | (e) The State's percentage of net terminal income shall be |
11 | | reported and remitted to the Board within 15 days after the |
12 | | 15th day of each month and within 15 days after the end of each |
13 | | month by the video terminal operator. A video terminal |
14 | | operator who falsely reports or fails to report the amount due |
15 | | required by this Section is guilty of a Class 4 felony and is |
16 | | subject to termination of his or her license by the Board. Each |
17 | | video terminal operator shall keep a record of net terminal |
18 | | income in such form as the Board may require. All payments not |
19 | | remitted when due shall be paid together with a penalty |
20 | | assessment on the unpaid balance at a rate of 1.5% per month. |
21 | | (f) For revenue generated under this Section after |
22 | | $850,000,000, funds shall be distributed as follows: |
23 | | (1) one-sixth shall be distributed to the Department |
24 | | of Human Services Community Services Fund for mental |
25 | | health services and treatment; |
26 | | (2) one-sixth shall be distributed to the Local |