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92_HB4563ham001
LRB9212061LDtmam
1 AMENDMENT TO HOUSE BILL 4563
2 AMENDMENT NO. . Amend House Bill 4563 by replacing
3 everything after the enacting clause with the following:
4 "Section 5. The Riverboat Gambling Act is amended by
5 changing Section 13 as follows:
6 (230 ILCS 10/13) (from Ch. 120, par. 2413)
7 Sec. 13. Wagering tax; rate; distribution.
8 (a) Until January 1, 1998, a tax is imposed on the
9 adjusted gross receipts received from gambling games
10 authorized under this Act at the rate of 20%.
11 Beginning January 1, 1998, a privilege tax is imposed on
12 persons engaged in the business of conducting riverboat
13 gambling operations, based on the adjusted gross receipts
14 received by a licensed owner from gambling games authorized
15 under this Act at the following rates:
16 15% of annual adjusted gross receipts up to and
17 including $25,000,000;
18 20% of annual adjusted gross receipts in excess of
19 $25,000,000 but not exceeding $50,000,000;
20 25% of annual adjusted gross receipts in excess of
21 $50,000,000 but not exceeding $75,000,000;
22 30% of annual adjusted gross receipts in excess of
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1 $75,000,000 but not exceeding $100,000,000;
2 35% of annual adjusted gross receipts in excess of
3 $100,000,000.
4 The taxes imposed by this Section shall be paid by the
5 licensed owner to the Board not later than 3:00 o'clock p.m.
6 of the day after the day when the wagers were made.
7 (b) Until January 1, 1998, 25% of the tax revenue
8 deposited in the State Gaming Fund under this Section shall
9 be paid, subject to appropriation by the General Assembly, to
10 the unit of local government which is designated as the home
11 dock of the riverboat. Beginning January 1, 1998, from the
12 tax revenue deposited in the State Gaming Fund under this
13 Section, an amount equal to 5% of adjusted gross receipts
14 generated by a riverboat shall be paid monthly, subject to
15 appropriation by the General Assembly, to the unit of local
16 government that is designated as the home dock of the
17 riverboat.
18 (c) Appropriations, as approved by the General Assembly,
19 may be made from the State Gaming Fund to the Department of
20 Revenue and the Department of State Police for the
21 administration and enforcement of this Act.
22 (c-5) After the payments required under subsections (b)
23 and (c) have been made, an amount equal to 15% of the total
24 tax liability, as determined under subsection (a), adjusted
25 gross receipts of a riverboat (1) that relocates pursuant to
26 Section 11.2, or (2) for which an owners license is initially
27 issued after the effective date of this amendatory Act of
28 1999, whichever comes first, shall be paid from the State
29 Gaming Fund into the Horse Racing Equity Fund.
30 (c-10) Each year the General Assembly shall appropriate
31 from the General Revenue Fund to the Education Assistance
32 Fund an amount equal to the amount paid into the Horse Racing
33 Equity Fund pursuant to subsection (c-5) in the prior
34 calendar year.
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1 (c-15) After the payments required under subsections
2 (b), (c), and (c-5) have been made, an amount equal to 2% of
3 the adjusted gross receipts of a riverboat (1) that relocates
4 pursuant to Section 11.2, or (2) for which an owners license
5 is initially issued after the effective date of this
6 amendatory Act of 1999, whichever comes first, shall be paid,
7 subject to appropriation from the General Assembly, from the
8 State Gaming Fund to each home rule county with a population
9 of over 3,000,000 inhabitants for the purpose of enhancing
10 the county's criminal justice system.
11 (c-20) Each year the General Assembly shall appropriate
12 from the General Revenue Fund to the Education Assistance
13 Fund an amount equal to the amount paid to each home rule
14 county with a population of over 3,000,000 inhabitants
15 pursuant to subsection (c-15) in the prior calendar year.
16 (c-25) After the payments required under subsections
17 (b), (c), (c-5) and (c-15) have been made, an amount equal to
18 2% of the adjusted gross receipts of a riverboat (1) that
19 relocates pursuant to Section 11.2, or (2) for which an
20 owners license is initially issued after the effective date
21 of this amendatory Act of 1999, whichever comes first, shall
22 be paid from the State Gaming Fund into the State
23 Universities Athletic Capital Improvement Fund.
24 (d) From time to time, the Board shall transfer the
25 remainder of the funds generated by this Act into the
26 Education Assistance Fund, created by Public Act 86-0018, of
27 the State of Illinois.
28 (e) Nothing in this Act shall prohibit the unit of local
29 government designated as the home dock of the riverboat from
30 entering into agreements with other units of local government
31 in this State or in other states to share its portion of the
32 tax revenue.
33 (f) To the extent practicable, the Board shall
34 administer and collect the wagering taxes imposed by this
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1 Section in a manner consistent with the provisions of
2 Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5i, 5j, 6, 6a, 6b,
3 6c, 8, 9, and 10 of the Retailers' Occupation Tax Act and
4 Section 3-7 of the Uniform Penalty and Interest Act.
5 (Source: P.A. 90-548, eff. 12-4-97; 91-40, eff. 6-25-99.)
6 Section 99. Effective date. This Act takes effect upon
7 becoming law.".