State of Illinois
90th General Assembly

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      230 ILCS 10/13            from Ch. 120, par. 2413
          Amends   the   Riverboat   Gambling   Tax.    Imposes   a
      supplemental wagering tax such that  the  sum  of  all  taxes
      imposed  under  this  Act on the adjusted gross receipts from
      gambling  games  under  the  Act  is  30%  rather  than  20%.
      Provides that the additional tax revenue shall be  paid  into
      the  Education  Assistance Fund and shall supplement, but not
      supplant, any other moneys paid into that  Fund.    Effective
 1        AN  ACT  to  amend the Riverboat Gambling Act by changing
 2    Section 13.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.   The  Riverboat  Gambling  Act is amended by
 6    changing Section 13 as follows:
 7        (230 ILCS 10/13) (from Ch. 120, par. 2413)
 8        Sec. 13.  Wagering tax; Rate; Distribution.
 9        (a)  A tax is imposed  on  the  adjusted  gross  receipts
10    received from gambling games authorized under this Act at the
11    rate of 20%.  The taxes imposed by this Section shall be paid
12    by the licensed owner to the Board after the close of the day
13    when the wagers were made.
14        (a-5)  Beginning  July  1,  1997,  a  supplemental tax is
15    imposed on the adjusted gross receipts received from gambling
16    games authorized under this Act at the rate of 10%.  The  tax
17    imposed  by  this  subsection  (a-5)  shall  be  paid  by the
18    licensed owner to the Board after the close of the  day  when
19    the  wagers  were  made.   On or before the first day of each
20    month, the Board shall transfer all moneys generated pursuant
21    to this subsection into the Education Assistance Fund.   This
22    transfer   shall   supplement   and   not   supplant   moneys
23    transferred,  deposited, or otherwise paid into the Education
24    Assistance Fund.
25        (b)  Twenty-five  percent  (25%)  of  the   tax   revenue
26    collected  pursuant  to  subsection  (a) and deposited in the
27    State Gaming Fund under this Section shall be  paid,  subject
28    to  appropriation  by  the  General  Assembly, to the unit of
29    local government which is designated as the home dock of  the
30    riverboat.
31        (c)  Appropriations, as approved by the General Assembly,
                            -2-                LRB9005210LDdv
 1    may  be made from moneys collected pursuant to subsection (a)
 2    and deposited into the State Gaming Fund to the Department of
 3    Revenue  and  the  Department  of  State   Police   for   the
 4    administration and enforcement of this Act.
 5        (d)  From  time  to  time,  the  Board shall transfer the
 6    remainder of  the  funds  generated  by  this  Act  into  the
 7    Education  Assistance Fund, created by Public Act 86-0018, of
 8    the State of Illinois.
 9        (e)  Nothing in this Act shall prohibit the unit of local
10    government designated as the home dock of the riverboat  from
11    entering into agreements with other units of local government
12    in  this State or in other states to share its portion of the
13    tax revenue.
14    (Source: P.A. 88-670, eff. 12-2-94; 89-21, eff. 7-1-95.)
15        Section 99.  Effective date.  This Act takes effect  upon
16    becoming law.

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