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Sen. Celina Villanueva
Filed: 5/26/2024
| | 10300HB4951sam004 | | LRB103 38094 HLH 74236 a |
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| 1 | | AMENDMENT TO HOUSE BILL 4951
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| 2 | | AMENDMENT NO. ______. Amend House Bill 4951, AS AMENDED, |
| 3 | | with reference to page and line numbers of Senate Amendment |
| 4 | | No. 2, on page 1078, line 15, by replacing "tax imposed under |
| 5 | | subsection (a)" with "tax imposed under subsection (a), (d), |
| 6 | | or (d-5)"; and
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| 7 | | by replacing everything from line 24 on page 1079 through line |
| 8 | | 20 on page 1080 with the following: |
| 9 | | "(d) Beginning on July 1, 2024, and for each 12-month |
| 10 | | period thereafter, for the privilege of holding a license to |
| 11 | | operate sports wagering under this Act, this State shall |
| 12 | | impose a privilege tax on the master sports licensee's |
| 13 | | adjusted gross sports wagering receipts from sports wagering |
| 14 | | over the Internet or through a mobile application based on the |
| 15 | | following rates: |
| 16 | | 20% of annual adjusted gross sports wagering receipts |
| 17 | | up to and including $30,000,000. |
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| 1 | | 25% of annual adjusted gross sports wagering receipts |
| 2 | | in excess of $30,000,000 but not exceeding $50,000,000. |
| 3 | | 30% of annual adjusted gross sports wagering receipts |
| 4 | | in excess of $50,000,000 but not exceeding $100,000,000. |
| 5 | | 35% of annual adjusted gross sports wagering receipts |
| 6 | | in excess of $100,000,000 but not exceeding $200,000,000. |
| 7 | | 40% of annual adjusted gross sports wagering receipts |
| 8 | | in excess of $200,000,000. |
| 9 | | (d-5) Beginning on July 1, 2024, and for each 12-month |
| 10 | | period thereafter, for the privilege of holding a license to |
| 11 | | operate sports wagering under this Act, this State shall |
| 12 | | impose a privilege tax on the master sports licensee's |
| 13 | | adjusted gross sports wagering receipts from sports wagering |
| 14 | | from other than over the Internet or through a mobile |
| 15 | | application based on the following rates: |
| 16 | | 20% of annual adjusted gross sports wagering receipts |
| 17 | | up to and including $30,000,000. |
| 18 | | 25% of annual adjusted gross sports wagering receipts |
| 19 | | in excess of $30,000,000 but not exceeding $50,000,000. |
| 20 | | 30% of annual adjusted gross sports wagering receipts |
| 21 | | in excess of $50,000,000 but not exceeding $100,000,000. |
| 22 | | 35% of annual adjusted gross sports wagering receipts |
| 23 | | in excess of $100,000,000 but not exceeding $200,000,000. |
| 24 | | 40% of annual adjusted gross sports wagering receipts |
| 25 | | in excess of $200,000,000. |
| 26 | | (d-10) The accrual method of accounting shall be used for |
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| 1 | | purposes of calculating the amount of the tax owed by the |
| 2 | | licensee. |
| 3 | | (d-15) The taxes levied and collected pursuant to |
| 4 | | subsections (d) and (d-5) are due and payable to the Board no |
| 5 | | later than the last day of the month following the calendar |
| 6 | | month in which the adjusted gross sports wagering receipts |
| 7 | | were received and the tax obligation was accrued."; and
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| 8 | | on page 1122, by replacing lines 18 and 19 with the following: |
| 9 | | "June 28, 2029 June 28, 2024 (the 5th anniversary of the |
| 10 | | effective date of Public Act 101-31), then for each |
| 11 | | $15,000,000 spent for any". |