92nd General Assembly
Summary of HB0291
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House Sponsors:

Short description: 
RVRBT GAMBLE-EXCESS PROFIT TAX                                             

Synopsis of Bill as introduced:
        Amends the Riverboat Gambling Act.  Beginning  January  1,  2002,      
   imposes  an  additional  tax on adjusted gross receipts at a rate such      
   that a licensee may retain exactly  20%  of  adjusted  gross  receipts      
   after  the  payment  of all taxes imposed under the Act. Provides that      
   the tax shall be paid into the State Gaming Fund.                           
        HOUSE AMENDMENT NO. 1.                                                 
        Further amends the Riverboat Gambling  Act.   Provides  that  the      
   supplemental tax shall be imposed on adjusted gross income rather than      
   adjusted gross receipts.  Defines the term "adjusted gross income".         
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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