HB4239ham001 96TH GENERAL ASSEMBLY

Executive Committee

Filed: 3/25/2009

09600HB4239ham001 LRB096 11363 AMC 24376 a

AMENDMENT TO HOUSE BILL 4239

AMENDMENT NO. ______. Amend House Bill 4239, on page 2, line 19, after the period, by inserting ""Licensed establishment" does not include a facility operated by an organization licensee, an intertrack wagering licensee, or an intertrack wagering location licensee licensed under the Illinois Horse Racing Act of 1975 or a riverboat licensed under the Riverboat Gambling Act."; and

on page 8, line 14, by replacing "A valid" with "Except for a facility operated by an organization licensee, an intertrack wagering licensee, or an intertrack wagering location licensee licensed under the Illinois Horse Racing Act of 1975 or a riverboat licensed under the Riverboat Gambling Act, a valid"; and

on page 10, line 20, by replacing "race track" with "facility operated by an organizational licensee, an intertrack wagering licensee, or an intertrack wagering location licensee"; and

by replacing line 19 on page 16 through line 13 on page 17 with the following:

"Section 60. Imposition and distribution of tax.

(a) A tax of 25% is imposed on net terminal income and shall be collected by the Board.

(b) Of the tax collected under this Section, four-fifths shall be deposited into the School Infrastructure Fund and one-fifth shall be deposited into the Local Government Video Gaming Distributive Fund. Deposits into the School Infrastructure Fund pursuant to this Section shall be allocated in accordance with the provisions of the School Construction Law.

(c) Revenues generated from the play of video gaming terminals shall be deposited by the terminal operator, who is responsible for tax payments, in a specially created, separate bank account maintained by the video gaming terminal operator to allow for electronic fund transfers of moneys for tax payment.

(d) Each licensed establishment, licensed truck stop establishment, licensed fraternal establishment, and licensed veterans establishment shall maintain an adequate video gaming fund, with the amount to be determined by the Board."; and

by replacing line 13 on page 18 through line 13 on page 20 with the following:

"Section 75. Revenue sharing; Local Government Video Gaming Distributive Fund.

(a) As soon as may be after the first day of each month, the Board shall allocate among those municipalities and counties of this State that have not prohibited video gaming pursuant to Section 27 the amount available in the Local Government Video Gaming Distributive Fund, a special fund in the State Treasury, as provided in Section 60. The Board shall then certify such allocations to the State Comptroller, who shall pay over to those eligible municipalities and counties the respective amounts allocated to them. The amount of such funds allocable to each such municipality and county shall be in proportion to the tax revenue generated from video gaming within the eligible municipality or county compared to the tax revenue generated from video gaming Statewide.

(b) The amounts allocated and paid to a municipality or county of this State pursuant to the provisions of this Section may be used for any general corporate purpose authorized for that municipality or county.

(c) Upon determination by the Board that an amount has been paid pursuant to this Section in excess of the amount to which the county or municipality receiving such payment was entitled, the county or municipality shall, upon demand by the Board, repay such amount. If such repayment is not made within a reasonable time, the Board shall withhold from future payments an amount equal to such overpayment. The Board shall redistribute the amount of such payment to the county or municipality entitled thereto.".