Sen. Terry Link
Filed: 5/24/2012
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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 | ||||||
| 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: | ||||||
| 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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| 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 | ||||||
| 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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