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Sen. Terry Link
Filed: 5/24/2012
| | 09700HB3779sam004 | | LRB097 21717 JLS 70149 a |
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| 1 | | AMENDMENT TO HOUSE BILL 3779
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| 2 | | AMENDMENT NO. ______. Amend House Bill 3779, AS AMENDED, |
| 3 | | with reference to page and line numbers of Senate Amendment No. |
| 4 | | 3, on page 1, line 6, after "28", by inserting "and by adding |
| 5 | | Section 26.7"; and
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| 6 | | on page 15, by replacing lines 24 through 26 with the |
| 7 | | following: |
| 8 | | "Notwithstanding any other provision of this Act, until May |
| 9 | | 1, 2013 for a period of 3 years after the effective date of |
| 10 | | this amendatory Act"; and
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| 11 | | on page 50, immediately below line 22, by inserting the |
| 12 | | following:
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| 13 | | "(230 ILCS 5/26.7 new) |
| 14 | | Sec. 26.7. Advanced deposit wagering surcharge. On and |
| 15 | | after the effective date of this amendatory Act of the 97th |
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| | 09700HB3779sam004 | - 2 - | LRB097 21717 JLS 70149 a |
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| 1 | | General Assembly, each advance deposit wagering licensee shall |
| 2 | | impose a surcharge of up to 0.18% on winning wagers and |
| 3 | | winnings from wagers placed through advance deposit wagering. |
| 4 | | The surcharge shall be deducted from winnings prior to payout. |
| 5 | | Amounts derived from a surcharge imposed under this Section |
| 6 | | shall be paid to the standardbred purse accounts of |
| 7 | | organization licensees conducting standardbred racing."; and
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| 8 | | on page 52, by replacing lines 9 through 19 with the following: |
| 9 | | "pursuant to this subsection (a-5), beginning on the effective |
| 10 | | date of this amendatory Act of the 97th General Assembly until |
| 11 | | May 1, 2013 an additional pari-mutuel tax at the rate of 0.25% |
| 12 | | shall be imposed on advance deposit wagering, the amount of |
| 13 | | which shall not exceed $250,000 in each calendar year. Until |
| 14 | | the effective date of this amendatory Act of the 97th General |
| 15 | | Assembly, the The additional 0.25% pari-mutuel tax imposed on |
| 16 | | advance deposit wagering by Public Act 96-972 this amendatory |
| 17 | | Act of the 96th General Assembly shall be deposited into the |
| 18 | | Quarter Horse Purse Fund, which shall be created as a |
| 19 | | non-appropriated trust fund administered by the Board for |
| 20 | | grants to thoroughbred organization licensees for payment of |
| 21 | | purses for quarter horse races conducted by the organization |
| 22 | | licensee. On and after the effective date of this amendatory |
| 23 | | Act of the 97th General Assembly, the additional 0.25% |
| 24 | | pari-mutuel tax imposed on advance deposit wagering shall be |
| 25 | | deposited equally into the".
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