|
|
Sen. Terry Link
Filed: 3/5/2009
|
|
09600SB1298sam002 |
|
LRB096 10399 AMC 23162 a |
|
|
| 1 |
| AMENDMENT TO SENATE BILL 1298
|
| 2 |
| AMENDMENT NO. ______. Amend Senate Bill 1298, on page 1, |
| 3 |
| line 6, by replacing "3.28 and 3.29" with "3.28, 3.29, and |
| 4 |
| 3.30"; and
|
| 5 |
| on page 1, by replacing lines 13 and 14 with the following: |
| 6 |
| "horse race is being conducted and excluding advance deposit |
| 7 |
| wagering through an advance deposit wagering licensee."; and
|
| 8 |
| on page 3, immediately below line 23, by inserting the |
| 9 |
| following:
|
| 10 |
| "(230 ILCS 5/3.30 new) |
| 11 |
| Sec. 3.30. Advance deposit wagering terminal. "Advance |
| 12 |
| deposit wagering terminal" means any electronic devise placed |
| 13 |
| by an advanced deposit wagering license at a wagering facility |
| 14 |
| that facilitates the placement of an advance deposit wager and |
| 15 |
| that can be electronically tracked so the location of the |
|
|
|
09600SB1298sam002 |
- 2 - |
LRB096 10399 AMC 23162 a |
|
|
| 1 |
| wagering facility where the advance deposit wagering terminal |
| 2 |
| is located can be readily identified and so all wagers placed |
| 3 |
| through the advance deposit wagering terminal are easily |
| 4 |
| reportable."; and
|
| 5 |
| on page 8, line 9, after the period, by inserting "The Board |
| 6 |
| shall adopt rules limiting the interstate commission fees |
| 7 |
| charged to an advance deposit wagering licensee."; and
|
| 8 |
| on page 8, line 22, after the period, by inserting "Advance |
| 9 |
| deposit wagering licensees may place advance deposit wagering |
| 10 |
| terminals at wagering facilities as a convenience to customers. |
| 11 |
| The advance deposit wagering licensee shall not charge or |
| 12 |
| collect any fee from purses for the placement of the advance |
| 13 |
| deposit wagering terminals."; and
|
| 14 |
| on page 9, line 9, after "Act,", by inserting "for a period of |
| 15 |
| 3 years after the effective date of this amendatory Act of the |
| 16 |
| 96th General Assembly,"; and
|
| 17 |
| on page 45, line 15, after the period, by inserting "In |
| 18 |
| addition to the pari-mutuel tax imposed on advance deposit |
| 19 |
| wagering pursuant to this subsection (a-5), an additional |
| 20 |
| pari-mutuel tax at the rate of 0.25% shall be imposed on |
| 21 |
| advance deposit wagering, the amount of which shall not exceed |
| 22 |
| $250,000 in each calendar year. The additional 0.25% |
|
|
|
09600SB1298sam002 |
- 3 - |
LRB096 10399 AMC 23162 a |
|
|
| 1 |
| pari-mutuel tax imposed on advance deposit wagering by this |
| 2 |
| amendatory Act of the 96th General Assembly shall be deposited |
| 3 |
| into the Quarter Horse Purse Fund, which shall be created as a |
| 4 |
| non-appropriated trust fund administered by the Board for |
| 5 |
| grants to thoroughbred organization licensees for payment of |
| 6 |
| purses for quarter horse races conducted by the organization |
| 7 |
| licensee. Thoroughbred organization licensees may petition the |
| 8 |
| Board to conduct quarter horse racing and receive purse grants |
| 9 |
| from the Quarter Horse Purse Fund. The Board shall have |
| 10 |
| complete discretion in distributing the Quarter Horse Purse |
| 11 |
| Fund to the petitioning organization licensees.".
|