Senate Sponsors: SEVERNS-DEMUZIO. Short description: RIVERBOAT-GRAD TX-TEACHER INS Synopsis of Bill as introduced: Amends the Riverboat Gambling Act. Changes the wagering tax rate from a flat 20% rate to a graduated tax rate. Provides that a portion of the wagering tax collected under the Act shall be used to fund the Teacher Health Insurance Security Fund. Effective July 1, 1997. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status