YOUNGE. 30 ILCS 105/5.480 new 70 ILCS 505/27 new 70 ILCS 505/28 new 70 ILCS 505/29 new 70 ILCS 505/30 new 70 ILCS 505/31 new 70 ILCS 505/32 new 70 ILCS 505/33 new 70 ILCS 505/34 new 70 ILCS 505/35 new 230 ILCS 10/13 from Ch. 120, par. 2413 230 ILCS 10/13.2 new 230 ILCS 10/23 70 ILCS 505/25.1 rep. Amends the East St. Louis Area Development Act and the State Finance Act. Deletes provisions repealing the East St. Louis Area Development Act on July 1, 1998. Creates a demonstration enterprise zone in the East St. Louis area. Provides that the East St. Louis Area Development Authority shall exercise authority over the zone regarding specified matters. Provides for operation of the zone and for the creation of an Enterprise Zone Assistance Fund. Amends the Riverboat Gambling Act by imposing an investment alternative tax of 2.5% of the adjusted gross receipts from wagering on East St. Louis riverboats. Part or all of the tax may be waived if a licensee purchases bonds or makes other investments approved by the Authority; otherwise the tax shall be paid into the Enterprise Zone Assistance Fund. Effective immediately. 98-02-03 H FILED WITH CLERK 98-02-03 H FIRST READING 98-02-03 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary