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Sen. Terry Link
Filed: 3/4/2009
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LRB096 10399 AMC 23115 a |
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| AMENDMENT TO SENATE BILL 1298
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| AMENDMENT NO. ______. Amend Senate Bill 1298, on page 1, |
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| line 6, by replacing "3.28 and 3.29" with "3.28, 3.29, and |
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| 3.30"; and
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| on page 1, by replacing lines 13 and 14 with the following: |
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| "horse race is being conducted and excluding advance deposit |
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| wagering through an advance deposit wagering licensee."; and
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| on page 3, immediately below line 23, by inserting the |
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| following:
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| "(230 ILCS 5/3.30 new) |
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| Sec. 3.30. Advance deposit wagering terminal. "Advance |
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| deposit wagering terminal" means any electronic devise placed |
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| by an advanced deposit wagering license at a wagering facility |
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| that facilitates the placement of an advance deposit wager and |
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| that can be electronically tracked so the location of the |
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LRB096 10399 AMC 23115 a |
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| wagering facility where the advance deposit wagering terminal |
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| is located can be readily identified and so all wagers placed |
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| through the advance deposit wagering terminal are easily |
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| reportable."; and
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| on page 8, line 1, after "licensees", by inserting "and advance |
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| deposit wagering licensees"; and
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| on page 8, line 9, after the period, by inserting "The Board |
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| shall adopt rules limiting the interstate commission fees |
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| charged to an advance deposit wagering licensee."; and
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| on page 8, line 22, after the period, by inserting "Advance |
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| deposit wagering licensees may place advance deposit wagering |
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| terminals at wagering facilities as a convenience to customers. |
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| The advance deposit wagering licensee shall not charge or |
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| collect any fee from purses for the placement of the advance |
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| deposit wagering terminals."; and
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| on page 9, line 9, after "Act,", by inserting "for a period of |
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| 3 years after the effective date of this amendatory Act of the |
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| 96th General Assembly,"; and
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| on page 45, line 15, after the period, by inserting "In |
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| addition to the pari-mutuel tax imposed on advance deposit |
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| wagering pursuant to this subsection (a-5), an additional |
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LRB096 10399 AMC 23115 a |
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| pari-mutuel tax at the rate of 0.25% shall be imposed on |
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| advance deposit wagering, the amount of which shall not exceed |
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| $250,000 in each calendar year. The additional 0.25% |
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| pari-mutuel tax imposed on advance deposit wagering by this |
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| amendatory Act of the 96th General Assembly shall be deposited |
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| into the Quarter Horse Purse Fund, which shall be created as a |
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| non-appropriated trust fund administered by the Board for |
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| grants to thoroughbred organization licensees for payment of |
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| purses for quarter horse races conducted by the organization |
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| licensee. Thoroughbred organization licensees may petition the |
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| Board to conduct quarter horse racing and receive purse grants |
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| from the Quarter Horse Purse Fund. The Board shall have |
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| complete discretion in distributing the Quarter Horse Purse |
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| Fund to the petitioning organization licensees.".
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