Sen. Terry Link
Filed: 5/29/2018
 
 

 

 

 
10000HB5180sam001LRB100 18213 SMS 41036 a



1
AMENDMENT TO HOUSE BILL 5180 




2    AMENDMENT NO. ______. Amend House Bill 5180 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Video Gaming
Act is amended  by changing 
5Section 60 as follows:
 
6    (230 ILCS 40/60)

7    Sec. 60. Imposition and distribution of tax.

8    (a) A tax of 35% 30% is imposed on net terminal income
and 
9shall be collected by the Board.

10    (b) Of the tax collected under this Section, six-sevenths 
11five-sixths shall be
deposited into the Capital Projects Fund 
12and one-seventh one-sixth shall be deposited into the Local 
13Government Video Gaming Distributive Fund.

14    (c) Revenues generated from the play of video gaming 
15terminals shall be
deposited by the terminal operator, who is 
16responsible for tax payments, in
a specially created, separate 
 
 
10000HB5180sam001- 2 -LRB100 18213 SMS 41036 a

1bank account maintained by the video gaming
terminal operator

2to allow for electronic fund transfers of moneys for tax 
3payment.

4    (d) Each licensed establishment, licensed truck stop 
5establishment, licensed fraternal establishment,
and licensed 
6veterans establishment shall maintain an adequate video gaming

7fund, with the amount to be determined by the Board.


8    (e) The State's percentage of net terminal income shall be 
9reported and remitted to the Board within 15 days after the 
1015th day of each month and within 15 days after the end of each 
11month by the video terminal operator. A video terminal operator 
12who falsely reports or fails to report the amount due required 
13by this Section is guilty of a Class 4 felony and is subject to 
14termination of his or her license by the Board.  Each video 
15terminal operator shall keep a record of net terminal income in 
16such form as the Board may require. All payments not remitted 
17when due shall be paid together with a penalty assessment on 
18the unpaid balance at a rate of 1.5% per month. 
19(Source: P.A. 96-34, eff. 7-13-09; 96-37, eff. 7-13-09.)".