HB1271ham001 94TH GENERAL ASSEMBLY

Gaming Committee

Filed: 3/2/2005

09400HB1271ham001 LRB094 09263 AMC 42836 a

AMENDMENT TO HOUSE BILL 1271

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

"(230 ILCS 10/13.2 new)

Sec. 13.2. Supplemental tax.

(a) Beginning January 1, 2006, there is imposed a supplemental tax on the adjusted gross receipts of each licensed owner of a riverboat conducting gambling operations from a home dock located in East St. Louis at the rate of 0.5% of adjusted gross receipts. The tax imposed under this Section shall be due and payable on the last day of April next following the end of the calendar year. The State Treasurer shall have a lien against the property constituting the riverboats and on-shore facilities owned by a licensee for the amount of any tax not paid when due.

(b) The licensee shall pay to the State Treasurer on or before the 15th day of the first, fourth, seventh, and tenth months of each year as partial payments of the supplemental tax imposed under subsection (a) an amount equal to 0.25% of the estimated gross receipts for the 3-month period immediately preceding the first day of those months. The moneys received from a licensee shall be placed in the Depressed Municipalities Fund, which is hereby created as a Special Fund in the State Treasury. Moneys in the Fund shall be paid to the following municipalities: Alorton, Centreville, Brooklyn, Washington Park, and Venice. Moneys paid to a municipality pursuant to this subsection (b) shall be used for infrastructure improvement projects within that municipality.

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

on page 7, by deleting lines 1 through 25.