Sen. Terry Link

Filed: 3/4/2009

 

 


 

 


 
09600SB1298sam001 LRB096 10399 AMC 23115 a

1
AMENDMENT TO SENATE BILL 1298

2     AMENDMENT NO. ______. Amend Senate Bill 1298, on page 1,
3 line 6, by replacing "3.28 and 3.29" with "3.28, 3.29, and
4 3.30"; and
 
5 on page 1, by replacing lines 13 and 14 with the following:
6 "horse race is being conducted and excluding advance deposit
7 wagering through an advance deposit wagering licensee."; and
 
8 on page 3, immediately below line 23, by inserting the
9 following:
 
10     "(230 ILCS 5/3.30 new)
11     Sec. 3.30. Advance deposit wagering terminal. "Advance
12 deposit wagering terminal" means any electronic devise placed
13 by an advanced deposit wagering license at a wagering facility
14 that facilitates the placement of an advance deposit wager and
15 that can be electronically tracked so the location of the

 

 

09600SB1298sam001 - 2 - LRB096 10399 AMC 23115 a

1 wagering facility where the advance deposit wagering terminal
2 is located can be readily identified and so all wagers placed
3 through the advance deposit wagering terminal are easily
4 reportable."; and
 
5 on page 8, line 1, after "licensees", by inserting "and advance
6 deposit wagering licensees"; and
 
7 on page 8, line 9, after the period, by inserting "The Board
8 shall adopt rules limiting the interstate commission fees
9 charged to an advance deposit wagering licensee."; and
 
10 on page 8, line 22, after the period, by inserting "Advance
11 deposit wagering licensees may place advance deposit wagering
12 terminals at wagering facilities as a convenience to customers.
13 The advance deposit wagering licensee shall not charge or
14 collect any fee from purses for the placement of the advance
15 deposit wagering terminals."; and
 
16 on page 9, line 9, after "Act,", by inserting "for a period of
17 3 years after the effective date of this amendatory Act of the
18 96th General Assembly,"; and
 
19 on page 45, line 15, after the period, by inserting "In
20 addition to the pari-mutuel tax imposed on advance deposit
21 wagering pursuant to this subsection (a-5), an additional

 

 

09600SB1298sam001 - 3 - LRB096 10399 AMC 23115 a

1 pari-mutuel tax at the rate of 0.25% shall be imposed on
2 advance deposit wagering, the amount of which shall not exceed
3 $250,000 in each calendar year. The additional 0.25%
4 pari-mutuel tax imposed on advance deposit wagering by this
5 amendatory Act of the 96th General Assembly shall be deposited
6 into the Quarter Horse Purse Fund, which shall be created as a
7 non-appropriated trust fund administered by the Board for
8 grants to thoroughbred organization licensees for payment of
9 purses for quarter horse races conducted by the organization
10 licensee. Thoroughbred organization licensees may petition the
11 Board to conduct quarter horse racing and receive purse grants
12 from the Quarter Horse Purse Fund. The Board shall have
13 complete discretion in distributing the Quarter Horse Purse
14 Fund to the petitioning organization licensees.".