Full Text of HB4239 96th General Assembly
HB4239ham001 96TH GENERAL ASSEMBLY
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Executive Committee
Filed: 3/25/2009
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09600HB4239ham001 |
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LRB096 11363 AMC 24376 a |
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| AMENDMENT TO HOUSE BILL 4239
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| AMENDMENT NO. ______. Amend House Bill 4239, on page 2, | 3 |
| line 19, after the period, by inserting ""Licensed | 4 |
| establishment" does not include a facility operated by an | 5 |
| organization licensee, an intertrack wagering licensee, or an | 6 |
| intertrack wagering location licensee licensed under the | 7 |
| Illinois Horse Racing Act of 1975 or a riverboat licensed under | 8 |
| the Riverboat Gambling Act."; and | 9 |
| on page 8, line 14, by replacing "A valid" with "Except for a | 10 |
| facility operated by an organization licensee, an intertrack | 11 |
| wagering licensee, or an intertrack wagering location licensee | 12 |
| licensed under the Illinois Horse Racing Act of 1975 or a | 13 |
| riverboat licensed under the Riverboat Gambling Act, a valid"; | 14 |
| and | 15 |
| on page 10, line 20, by replacing "race track" with "facility | 16 |
| operated by an organizational licensee, an intertrack wagering |
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| licensee, or an intertrack wagering location licensee"; and | 2 |
| by replacing line 19 on page 16 through line 13 on page 17 with | 3 |
| the following:
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| "Section 60. Imposition and distribution of tax.
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| (a) A tax of 25% is imposed on net terminal income
and | 6 |
| shall be collected by the Board.
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| (b) Of the tax collected under this Section, four-fifths | 8 |
| shall be
deposited into the School Infrastructure Fund and | 9 |
| one-fifth shall be deposited into the Local
Government Video | 10 |
| Gaming Distributive Fund. Deposits into the School | 11 |
| Infrastructure Fund pursuant to this Section shall be allocated | 12 |
| in accordance with the provisions of the School Construction | 13 |
| Law.
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| (c) Revenues generated from the play of video gaming | 15 |
| terminals shall be
deposited by the terminal operator, who is | 16 |
| responsible for tax payments, in
a specially created, separate | 17 |
| bank account maintained by the video gaming
terminal operator
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| to allow for electronic fund transfers of moneys for tax | 19 |
| payment.
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| (d) Each licensed establishment, licensed truck stop | 21 |
| establishment, licensed fraternal establishment,
and licensed | 22 |
| veterans establishment shall maintain an adequate video gaming
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| fund, with the amount to be determined by the Board."; and
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| by replacing line 13 on page 18 through line 13 on page 20 with | 2 |
| the following: | 3 |
| "Section 75. Revenue sharing; Local Government Video | 4 |
| Gaming Distributive
Fund. | 5 |
| (a) As soon as may be after the
first day of each month, | 6 |
| the Board shall allocate among those
municipalities and | 7 |
| counties of this State that have not prohibited video gaming
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| pursuant to Section 27 the amount available in
the Local | 9 |
| Government Video Gaming Distributive Fund,
a special fund in | 10 |
| the State Treasury, as provided in Section 60.
The
Board shall | 11 |
| then certify such allocations to the State Comptroller,
who | 12 |
| shall pay over to those eligible municipalities and
counties | 13 |
| the respective amounts allocated to them. The amount of such
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| funds allocable to each such municipality and county shall be | 15 |
| in
proportion to the tax revenue generated from video gaming | 16 |
| within the eligible municipality or county compared to the tax | 17 |
| revenue generated from video gaming Statewide.
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| (b) The amounts allocated and paid to a municipality
or | 19 |
| county of this State pursuant to the provisions of this Section | 20 |
| may be
used for any general corporate purpose authorized for | 21 |
| that municipality or
county.
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| (c) Upon determination by the Board that an
amount has been
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| paid
pursuant to this Section in excess of the amount to which | 24 |
| the county or
municipality receiving such payment was entitled, | 25 |
| the
county or municipality shall, upon demand by the
Board, |
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| repay such amount. If such repayment is not made within a
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| reasonable time, the Board shall withhold from future payments | 3 |
| an
amount equal to such overpayment.
The Board shall
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| redistribute the amount of such payment to the county or | 5 |
| municipality
entitled thereto.".
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