| Fiscal Note (Dept. of Revenue)
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| Deposits to the State Gaming Fund will be divided between the Capital Projects Fund, Colt Stakes Purse Distribution Fund, Illinois Thoroughbred Breeders Fund, and Grants to NonProfits and Medical and Family Counseling services. Bast case and worst case scenarios selected from four separate scenarios that were constructed based on averages from racinos in Midwestern states, the National average, Louisiana (because of the presence of both casino gaming and widespread video gaming in addition to racinos) and Florida (because it has a large population and Native American casinos operate alongside racinos). The State share of the aggregate of gross gaming receipts tax and admissions tax is summarized by fund as follows: (1) Capital Projects Fund, High = $59,310,000.00, Low $36,520,000.00; (2) Illinois Colt Stakes Purse Distribution Fund, High $7,500,000.00, Low $5,470,000.00; (3) Illinois Thoroughbred Breeders Fund, High $9,280,000.00, Low $2,390,000.00; (4) grants to nonprofits and medical and family counseling, High $1,250,000.00, Low $1,250,000.00. Additionally, prior to racinos beginning operation, the State can expect to receive $45.2 million in fees from licenses and electronic gaming devices from the Capital Projects Fund. Four years after the license is granted a second payment of 25 percent of the highest 12 months of AGR in the past four years less the original license fee paid per machine will be remitted to the State. The amount expected is between $27.7 million and $54.7 million. |
Date | Chamber | Action |
2/10/2010 | House | Filed with the Clerk by Rep. William D. Burns | 2/10/2010 | House | Chief Co-Sponsor Rep. Mark H. Beaubien, Jr. | 2/10/2010 | House | First Reading | 2/10/2010 | House | Referred to Rules Committee | 2/18/2010 | House | Fiscal Note Requested by Rep. William D. Burns | 2/18/2010 | House | State Mandates Fiscal Note Requested by Rep. William D. Burns | 2/18/2010 | House | Balanced Budget Note Requested by Rep. William D. Burns | 2/18/2010 | House | Correctional Note Requested by Rep. William D. Burns | 2/18/2010 | House | Home Rule Note Requested by Rep. William D. Burns | 2/18/2010 | House | Housing Affordability Impact Note Requested by Rep. William D. Burns | 2/18/2010 | House | Judicial Note Requested by Rep. William D. Burns | 2/18/2010 | House | Land Conveyance Appraisal Note Requested by Rep. William D. Burns | 2/18/2010 | House | Pension Note Requested by Rep. William D. Burns | 2/18/2010 | House | State Debt Impact Note Requested by Rep. William D. Burns | 2/22/2010 | House | Assigned to Executive Committee | 2/24/2010 | House | Judicial Note Filed | 2/24/2010 | House | Home Rule Note Filed | 2/24/2010 | House | State Mandates Fiscal Note Filed | 2/25/2010 | House | Pension Note Filed | 2/25/2010 | House | State Debt Impact Note Filed | 2/25/2010 | House | Added Chief Co-Sponsor Rep. Edward J. Acevedo | 2/25/2010 | House | Added Chief Co-Sponsor Rep. JoAnn D. Osmond | 2/25/2010 | House | Added Chief Co-Sponsor Rep. Thomas Holbrook | 3/1/2010 | House | Housing Affordability Impact Note Filed | 3/2/2010 | House | Fiscal Note Filed | 3/3/2010 | House | Added Co-Sponsor Rep. Jim Sacia | 3/3/2010 | House | Added Co-Sponsor Rep. Suzanne Bassi | 3/3/2010 | House | Added Co-Sponsor Rep. Mike Boland | 3/15/2010 | House | Rule 19(a) / Re-referred to Rules Committee | 1/11/2011 | House | Session Sine Die |