Senate Sponsors: WATSON. Short description: HORSE RACING-HANDLE SPLIT Synopsis of Bill as introduced: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to provide that horses used for racing under the Illinois Horse Racing Act of 1975 and the equipment used to raise them are exempt from taxation under those Acts. Amends the Illinois Horse Racing Act of 1975. Replaces the privilege tax with a flat pari-mutuel tax, but retains a privilege tax for moneys received by an organization licensee from a pari-mutuel pool with an out-of-State entity. Changes the basis for payments pursuant to recapture provisions. Provides that the General Assembly shall appropriate moneys from the General Revenue Fund to the Department of Agriculture to reimburse the Department for payments made pursuant to recapture provisions. Increases the amount to be appropriated from the Agricultural Premium Fund to the Department of Agriculture to be used to supplement the purses and other expenses connected with the Hambletonian Stakes. Changes the distribution of moneys retained by inter-track wagering location licensees from inter-track wagering between the licensees and purses. Effective January 1, 2000. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status