97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1088
 
Introduced 02/04/11, by Rep. Thomas Holbrook
 
SYNOPSIS AS INTRODUCED:
 

 



230 ILCS 25/3  from Ch. 120, par. 1103

     Amends the Bingo License and Tax Act. Provides that 5% of the net proceeds (instead of gross proceeds) of any game of bingo conducted under the Act shall be paid to the Department of Revenue. Effective immediately.
  


LRB097 06415 ASK 46497 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB1088LRB097 06415 ASK 46497 b


  
1    AN ACT concerning gaming.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Bingo License and Tax Act is amended  by 
5changing Section 3 as follows:
 



6    (230 ILCS 25/3)  (from Ch. 120, par. 1103)



7    Sec. 3. There shall be paid to the Department of Revenue, 
85% of the net gross
proceeds of any game of bingo conducted 
9under the provision of this Act.
Such payments shall be made 4 
10times per year, between the first and the
20th day of April, 
11July, October and January.  Accompanying each payment shall be a 
12return,
on forms prescribed by the Department of Revenue.  
13Failure to submit either the payment or
the return within the 
14specified time may result in suspension or revocation
of the 
15license. Tax returns filed pursuant to this Act shall not be 
16confidential and shall be available for public inspection.


17    All payments made to the Department of Revenue under this 
18Section shall be deposited as follows:
19        (1) 50% shall be deposited in the Mental Health Fund; 
20    and
21        (2) 50% shall be deposited in the Common School Fund.

22    

The provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 
235g, 5i, 5j,
6, 6a, 6b, 6c, 8, 9, 10, 11 and 12 of the Retailers' 
 
 
HB1088- 2 -LRB097 06415 ASK 46497 b

1Occupation
Tax Act
and Section 3-7 of the
Uniform Penalty and 
2Interest Act, which are not inconsistent with this Act, shall 
3apply, as far as
practicable, to the subject matter of this Act 
4to the same extent as if
such provisions were included in this 
5Act.  For the purposes of this Act, references in such 
6incorporated
Sections of the Retailers' Occupation Tax Act to 
7retailers, sellers or
persons engaged in the business of 
8selling tangible personal property means
persons engaged in 
9conducting bingo games, and references in such
incorporated 
10Sections of the Retailers' Occupation Tax Act to sales of

11tangible personal property mean the conducting of bingo games 
12and the
making of charges for playing such games.


13(Source: P.A. 95-228, eff. 8-16-07.)

 
 
14    Section 99. Effective date. This Act takes effect upon 
15becoming law.