House Sponsors: HOFFMAN-HOLBROOK-STEPHENS. Senate Sponsors: WATSON-CLAYBORNE-BOWLES-MOLARO Short description: HORSE RACE-MADISON CNTY PURSES Synopsis of Bill as introduced: Amends the Illinois Horse Racing Act of 1975. Provides that if only one breed of horse racing is conducted at a racetrack that is located in Madison County in a given year before 2002, certain purse moneys derived from simulcast wagering and inter-track wagering shall be paid only to the purse account of the breed that raced at that track for that year. Provides that the preceding provisions are declarative of existing law. Provides that if only one breed of horse racing is conducted at a racetrack that is located in Madison County in a given year after 2001, certain purse moneys derived from simulcast wagering and inter-track wagering shall be paid only to the purse account of the breed that raced at that track for that year, provided that the racetrack conducts at least as many days of live racing as in calendar year 2000. Provides that any person licensed to conduct a race meeting of at least 60 days of live racing in a calendar year at a racetrack located in Madison County may be issued an inter-track wagering license. Effective immediately. HOUSE AMENDMENT NO. 1. Further amends the Illinois Horse Racing Act of 1975. Makes changes concerning the issuance of an inter-track wagering license to a racetrack located in Madison County. FISCAL NOTE (Illinois Racing Board) Enactment of HB 1069 would likely preserve the existing number of live racing days (161) at Fairmount Park (Madison County). Therefore, with no reduction in live racing at Fair- mount Park, State revenues generated from parimutuel taxes would remain constant. SENATE AMENDMENT NO. 1. Deletes everything. Amends the Illinois Horse Racing Act of 1975. Provides for the redistribution of simulcast and inter-track wagering revenues at a racetrack located in Madison County if such a racetrack conducts only standardbred racing or only thoroughbred racing in a calendar year. Provides, if no live racing is conducted at a racetrack located in Madison County in 2000 or 2001, that moneys derived from simulcast wagering and inter-track wagering by a licensee in Madison County and paid into that licensee's standardbred purse account shall be paid as follows: (A) eighty percent to the licensee's thoroughbred purse account to be used for thoroughbred purses and (B) twenty percent to the Illinois Colt Stakes Purse Distribution Fund. Provides that moneys so paid into that Fund shall be used as determined by the Department of Agriculture, with the advice and assistance of the Illinois Standardbred Breeders Fund Advisory Board. Provides that failure to make the payment shall result in immediate revocation of the licensee's organization license, inter-track wagering license, and inter-track wagering location license. Provides that if live standardbred racing is conducted at that racetrack in calendar year 2001 before the payment is made, the organization licensee shall pay all moneys derived from simulcast wagering and inter-track wagering during 2000 and 2001 that (1) are to be used for purses and (2) are generated between 6:30 p.m. and 6:30 a.m. during 2000 or 2001 to the standardbred purse account at that racetrack to be used for standardbred purses. For an organization licensee located in Madison County, imposes additional conditions on the issuance of an inter-track wagering license and an inter-track wagering location license. Provides that the provisions of the amendatory Act are severable. Effective immediately. SENATE AMENDMENT NO. 2. Further amends the Illinois Horse Racing Act of 1975. Makes changes concerning the issuance of an inter-track wagering license and inter-track wagering location licenses to an organization licensee who conducts racing in Madison County. Last action on Bill: PUBLIC ACT.............................. 92-0211 Last action date: AUG-02-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status