Gaming Committee
Filed: 3/2/2005
 
 

 




 

 		












09400HB1271ham001

LRB094 09263 AMC 42836 a






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AMENDMENT TO HOUSE BILL 1271




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    AMENDMENT NO. ______. Amend House Bill 1271, on page 6, by 
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replacing lines 27 through 35 with the following:

 
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    "(230 ILCS 10/13.2  new)
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    Sec. 13.2. Supplemental tax.

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    (a) Beginning January 1, 2006, there is imposed a 
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supplemental tax on the adjusted gross receipts of each 
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licensed owner of a riverboat conducting gambling operations 
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from  a home dock located in East St. Louis at the rate of 0.5% 
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of adjusted gross receipts. The
tax imposed under this Section 
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shall be due and payable on the last day of
April next 
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following the end of the calendar year.  The State Treasurer 
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shall
have a lien against the property constituting the 
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riverboats and on-shore
facilities owned by a licensee for the 
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amount of any tax not paid when due.
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    (b) The  licensee shall pay to the State Treasurer on or 
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before the 15th day
of the
first, fourth, seventh, and tenth 
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months of each year as partial payments of
the
supplemental tax 
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imposed under subsection (a) an amount equal to 0.25% of
the 
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estimated gross receipts for the 3-month period immediately 
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preceding the
first day of those months.  The moneys received 
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from a licensee shall be
placed in the Depressed Municipalities

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Fund, which is hereby created as a Special Fund in the State 
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Treasury.
Moneys in the Fund shall be paid to the following 
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municipalities: Alorton, Centreville, Brooklyn, Washington 
 


 






09400HB1271ham001
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LRB094 09263 AMC 42836 a




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Park, and Venice.  Moneys paid to a
municipality pursuant to 
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this subsection (b) shall be used for infrastructure

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improvement projects within that municipality.
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    (c) If a licensee fails to pay the amount due or underpays 
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by an
unjustifiable
amount, the Gaming Board shall impose a 
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fine of 5% of the amount due or of
the underpayment, as the 
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case may be, for each month or portion of a month
the licensee 
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is in default of payment, up to 25% of the amount in default.  
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Any
fine imposed upon a licensee shall be paid into the 
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Depressed Municipalities Fund."; and

 
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on page 7, by deleting lines 1 through 25.