JOHNSON-MCCARTHY-LYONS,EILEEN-MOFFITT AND BELLOCK.
RVRBT GAMBLE-EXCESS PROFIT TAX
Synopsis of Bill as introduced:
Amends the Riverboat Gambling Act. Beginning January 1, 2002,
imposes an additional tax on adjusted gross receipts at a rate such
that a licensee may retain exactly 20% of adjusted gross receipts
after the payment of all taxes imposed under the Act. Provides that
the tax shall be paid into the State Gaming Fund.
HOUSE AMENDMENT NO. 1.
Further amends the Riverboat Gambling Act. Provides that the
supplemental tax shall be imposed on adjusted gross income rather than
adjusted gross receipts. Defines the term "adjusted gross income".
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status