Synopsis As Introduced Amends the State Finance Act to create the Depressed Municipalities Fund. Amends the Riverboat Gambling Act. Imposes a supplemental tax of 0.5% of adjusted gross receipts on licensees. Provides that the moneys shall be paid into the Depressed Municipalities Fund and paid to certain low-income municipalities for infrastructure improvement projects. Effective immediately.
House Committee Amendment No. 1 Provides that the supplemental tax shall be paid by each licensed owner of a riverboat conducting gambling operations from a home dock located in East St. Louis and shall be paid to Alorton, Centreville, Brooklyn, Washington Park, and Venice for infrastructure improvement projects.