SB1298sam002 96TH GENERAL ASSEMBLY

Sen. Terry Link

Filed: 3/5/2009

09600SB1298sam002 LRB096 10399 AMC 23162 a

AMENDMENT TO SENATE BILL 1298

AMENDMENT NO. ______. Amend Senate Bill 1298, on page 1, line 6, by replacing "3.28 and 3.29" with "3.28, 3.29, and 3.30"; and

on page 1, by replacing lines 13 and 14 with the following: "horse race is being conducted and excluding advance deposit wagering through an advance deposit wagering licensee."; and

on page 3, immediately below line 23, by inserting the following:

"(230 ILCS 5/3.30 new)

Sec. 3.30. Advance deposit wagering terminal. "Advance deposit wagering terminal" means any electronic devise placed by an advanced deposit wagering license at a wagering facility that facilitates the placement of an advance deposit wager and that can be electronically tracked so the location of the wagering facility where the advance deposit wagering terminal is located can be readily identified and so all wagers placed through the advance deposit wagering terminal are easily reportable."; and

on page 8, line 9, after the period, by inserting "The Board shall adopt rules limiting the interstate commission fees charged to an advance deposit wagering licensee."; and

on page 8, line 22, after the period, by inserting "Advance deposit wagering licensees may place advance deposit wagering terminals at wagering facilities as a convenience to customers. The advance deposit wagering licensee shall not charge or collect any fee from purses for the placement of the advance deposit wagering terminals."; and

on page 9, line 9, after "Act,", by inserting "for a period of 3 years after the effective date of this amendatory Act of the 96th General Assembly,"; and

on page 45, line 15, after the period, by inserting "In addition to the pari-mutuel tax imposed on advance deposit wagering pursuant to this subsection (a-5), an additional pari-mutuel tax at the rate of 0.25% shall be imposed on advance deposit wagering, the amount of which shall not exceed $250,000 in each calendar year. The additional 0.25% pari-mutuel tax imposed on advance deposit wagering by this amendatory Act of the 96th General Assembly shall be deposited into the Quarter Horse Purse Fund, which shall be created as a non-appropriated trust fund administered by the Board for grants to thoroughbred organization licensees for payment of purses for quarter horse races conducted by the organization licensee. Thoroughbred organization licensees may petition the Board to conduct quarter horse racing and receive purse grants from the Quarter Horse Purse Fund. The Board shall have complete discretion in distributing the Quarter Horse Purse Fund to the petitioning organization licensees.".