Bill Status of HB 4377   94th General Assembly


Short Description:  HORSE RACG-PARI-MUTUEL TAX

House Sponsors
Rep. Jay C. Hoffman-Thomas Holbrook

Senate Sponsors
(Sen. William R. Haine and Frank C. Watson-James F. Clayborne, Jr.-John O. Jones)


Last Action  View All Actions

DateChamber Action
  5/26/2006HousePublic Act . . . . . . . . . 94-0805

Statutes Amended In Order of Appearance
230 ILCS 5/27from Ch. 8, par. 37-27

Synopsis As Introduced
Amends the Illinois Horse Racing Act of 1975. Provides that, beginning on the effective date and until moneys deposited into the Horse Racing Equity Fund are distributed and received, a pari-mutuel tax at the rate of 0.25% (instead of 1.5%) of the daily pari-mutuel handle is imposed at a pari-mutuel facility whose license is derived from a track located in a county that borders the Mississippi River and conducted live racing in the previous year. Effective immediately.

 Fiscal Note (Department of Revenue)
 Would reduce the pari-mutuel tax moneys collected from a horse racing track located in a county that borders the Mississippi River and its associated inter-track wagering locations and deposited into the General Revenue Fund by approximately $1.37 million per year beginning on the effective date of the amendatory act and ending when riverboat gambling operations are conducted under the dormant owners license authorized under the Riverboat Gambling Act.

Actions 
DateChamber Action
  1/4/2006HouseFiled with the Clerk by Rep. Jay C. Hoffman
  1/4/2006HouseFirst Reading
  1/4/2006HouseReferred to Rules Committee
  1/18/2006HouseAssigned to Agriculture & Conservation Committee
  1/24/2006HouseDo Pass / Short Debate Agriculture & Conservation Committee; 013-002-000
  1/24/2006HousePlaced on Calendar 2nd Reading - Short Debate
  1/25/2006HouseSecond Reading - Short Debate
  1/25/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate
  1/26/2006HouseThird Reading - Short Debate - Passed 078-031-000
  1/26/2006HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  1/31/2006SenateArrive in Senate
  1/31/2006SenatePlaced on Calendar Order of First Reading February 1, 2006
  1/31/2006SenateChief Senate Sponsor Sen. William R. Haine
  1/31/2006SenateFiscal Note Filed from the Illinois Department of Revenue.
  1/31/2006SenateAdded as Alternate Co-Sponsor Sen. Frank C. Watson
  1/31/2006SenateAdded as Alternate Chief Co-Sponsor Sen. James F. Clayborne, Jr.
  2/1/2006SenateFirst Reading
  2/1/2006SenateReferred to Rules
  3/8/2006SenateAssigned to Executive
  3/16/2006SenateDo Pass Executive; 011-000-000
  3/16/2006SenatePlaced on Calendar Order of 2nd Reading March 22, 2006
  3/23/2006SenateAdded as Alternate Chief Co-Sponsor Sen. John O. Jones
  3/24/2006SenateSecond Reading
  3/24/2006SenatePlaced on Calendar Order of 3rd Reading March 27, 2006
  3/27/2006SenateThird Reading - Passed; 043-002-000
  3/27/2006HousePassed Both Houses
  4/25/2006HouseSent to the Governor
  5/26/2006HouseGovernor Approved
  5/26/2006HouseEffective Date May 26, 2006
  5/26/2006HousePublic Act . . . . . . . . . 94-0805

Back To Top