Illinois General Assembly - Bill Status for SB3542
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 Bill Status of SB3542  96th General Assembly


Short Description:  RIVERBOATS-ADMISSN TAX EXEMPT

Senate Sponsors
Sen. Mike Jacobs

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
230 ILCS 10/12from Ch. 120, par. 2412
230 ILCS 10/13from Ch. 120, par. 2413


Synopsis As Introduced
Amends the Riverboat Gambling Act. Provides that, if the licensed owner of a riverboat in operation on January 1, 2009 has a capital project of at least $75,000,000 that is approved by the Illinois Gaming Board in calendar years 2006 through 2009, then no admissions tax is imposed on admissions to that riverboat. Provides that, if no admissions tax is imposed on admissions to a riverboat, then in addition to the current privilege tax, a privilege tax of 1% of adjusted gross receipts is imposed on that riverboat, the proceeds of which shall be paid monthly to the unit of local government that is designated as the home dock of the riverboat upon which those riverboat gambling operations are conducted. Effective immediately.

Actions 
DateChamber Action
  2/10/2010SenateFiled with Secretary by Sen. Mike Jacobs
  2/10/2010SenateFirst Reading
  2/10/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Gaming
  3/4/2010SenateTo Gaming Subcommittee on Gaming Activities
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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