HB0261sam002 96TH GENERAL ASSEMBLY

Sen. Mike Jacobs

Filed: 4/29/2009

09600HB0261sam002 LRB096 00228 AMC 25907 a

AMENDMENT TO HOUSE BILL 261

AMENDMENT NO. ______. Amend House Bill 261, on page 69, line 24, after the period, by inserting "If the licensed owner of a riverboat in operation on January 1, 2009 has capital projects of at least $45,000,000 that are approved by the Board in calendar years 2006 through 2009 or for which at least $45,000,000 in expenditures have been made in calendar years 2006 through 2009, then no admissions tax is imposed on admissions to that riverboat."; and

on page 76, immediately below line 2, by inserting the following:

"(a-5) If no admissions tax is imposed on admissions to a riverboat under Section 12, then in addition to any other tax imposed under this Section, a privilege tax of 1% of adjusted gross receipts is imposed on that riverboat, the proceeds of which shall be paid monthly, subject to appropriation by the General Assembly, to the unit of local government that is designated as the home dock of the riverboat upon which those riverboat gambling operations are conducted.".