Full Text of HB1088 097th General Assembly
HB1088 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB1088 Introduced 02/04/11, by Rep. Thomas Holbrook SYNOPSIS AS INTRODUCED: |
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230 ILCS 25/3 | from Ch. 120, par. 1103 |
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Amends the Bingo License and Tax Act. Provides that 5% of the net proceeds (instead of gross proceeds) of any game of bingo conducted under the Act shall be paid to the Department of Revenue. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | | HB1088 | | LRB097 06415 ASK 46497 b |
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| 1 | | AN ACT concerning gaming.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Bingo License and Tax Act is amended by | 5 | | changing Section 3 as follows:
| 6 | | (230 ILCS 25/3) (from Ch. 120, par. 1103)
| 7 | | Sec. 3. There shall be paid to the Department of Revenue, | 8 | | 5% of the net gross
proceeds of any game of bingo conducted | 9 | | under the provision of this Act.
Such payments shall be made 4 | 10 | | times per year, between the first and the
20th day of April, | 11 | | July, October and January. Accompanying each payment shall be a | 12 | | return,
on forms prescribed by the Department of Revenue. | 13 | | Failure to submit either the payment or
the return within the | 14 | | specified time may result in suspension or revocation
of the | 15 | | license. Tax returns filed pursuant to this Act shall not be | 16 | | confidential and shall be available for public inspection.
| 17 | | All payments made to the Department of Revenue under this | 18 | | Section shall be deposited as follows: | 19 | | (1) 50% shall be deposited in the Mental Health Fund; | 20 | | and | 21 | | (2) 50% shall be deposited in the Common School Fund.
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The provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, | 23 | | 5g, 5i, 5j,
6, 6a, 6b, 6c, 8, 9, 10, 11 and 12 of the Retailers' |
| | | HB1088 | - 2 - | LRB097 06415 ASK 46497 b |
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| 1 | | Occupation
Tax Act
and Section 3-7 of the
Uniform Penalty and | 2 | | Interest Act, which are not inconsistent with this Act, shall | 3 | | apply, as far as
practicable, to the subject matter of this Act | 4 | | to the same extent as if
such provisions were included in this | 5 | | Act. For the purposes of this Act, references in such | 6 | | incorporated
Sections of the Retailers' Occupation Tax Act to | 7 | | retailers, sellers or
persons engaged in the business of | 8 | | selling tangible personal property means
persons engaged in | 9 | | conducting bingo games, and references in such
incorporated | 10 | | Sections of the Retailers' Occupation Tax Act to sales of
| 11 | | tangible personal property mean the conducting of bingo games | 12 | | and the
making of charges for playing such games.
| 13 | | (Source: P.A. 95-228, eff. 8-16-07.)
| 14 | | Section 99. Effective date. This Act takes effect upon | 15 | | becoming law.
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