92nd General Assembly
Status of SB1539
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MOLARO.

   230 ILCS 5/54                                                               
   230 ILCS 10/13            from Ch. 120, par. 2413                           

        Amends  the  Riverboat  Gambling  Act.  Deletes   the   provision      
   requiring that an amount equal to 15% of the adjusted gross receipts        
   of an owners licensee that (1) relocated to a new home dock location        
   or (2) receives an initial owners license after June 25, 1999,              
   whichever comes first, be paid from the State Gaming Fund into the          
   Horse Racing Equity Fund. Provides that a tax of 15% of its adjusted        
   gross receipts is imposed on the first owners licensee that (1)             
   relocates to a new home dock location or (2) receives an initial            
   owners license at any time after June 25, 1999. Amends the Illinois         
   Horse Racing Act of 1975 to make a corresponding change. Effective          
   immediately.                                                                
   NOV-28-2001  S  FIRST READING                                                  
   NOV-28-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary