90th General Assembly
Summary of HB1414
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House Sponsors:
MOORE,EUGENE.

Short description: 
GAMES-TXES-DEDUCT PRIZE MONEY                                              

Synopsis of Bill as introduced:
        Amends the Illinois Pull  Tabs  and  Jar  Games  Act,  the  Bingo      
   License  and Tax Act, and the Charitable Games Act.  Provides that the      
   tax imposed under these Acts shall be imposed on  the  gross  proceeds      
   after  deducting from the gross proceeds all amounts awarded as prizes      
   (now on the gross proceeds).  Effective immediately.                        
          STATE MANDATES FISCAL NOTE                                           
          HB1414 fails to create a State mandate.                              
          HOME RULE NOTE                                                       
          HB 1414 does not preempt home rule authority.                        
          FISCAL NOTE (Dept. of Revenue)                                       
          The $7.8 million loss represents a 59% decrease from the $14.5       
          million in tax revenues collected.                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status