Sen. Terry Link
Filed: 5/14/2009
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1 | AMENDMENT TO SENATE BILL 744
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2 | AMENDMENT NO. ______. Amend Senate Bill 744, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 2, on page 171, by replacing lines 21 through 26 with the | ||||||
5 | following: | ||||||
6 | " If the licensed owner of a riverboat in operation on | ||||||
7 | January 1, 2009 has capital projects of at least $45,000,000 | ||||||
8 | that are approved by the Board in calendar year 2006 and | ||||||
9 | thereafter or, starting in 2006 and going forward, for which at | ||||||
10 | least $45,000,000 in capital expenditures have been made during | ||||||
11 | a period of 3 calendar years, then no admissions tax is imposed | ||||||
12 | on admissions to that riverboat for a 3-year period beginning | ||||||
13 | on (i) the January 1 after the approval or the expenditures | ||||||
14 | have been made or (ii) in the case of projects approved or | ||||||
15 | expenditures made before the effective date of this amendatory | ||||||
16 | Act of the 96th General Assembly, January 1, 2010. ".
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