Full Text of SB1298 96th General Assembly
SB1298sam001 96TH GENERAL ASSEMBLY
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Sen. Terry Link
Filed: 3/4/2009
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LRB096 10399 AMC 23115 a |
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| AMENDMENT TO SENATE BILL 1298
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| 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:
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| "(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 |
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| 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
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| 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 |
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| 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. ".
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