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90_HB2229
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
immediately.
LRB9005210LDdv
LRB9005210LDdv
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.