HB5030 99TH GENERAL ASSEMBLY

LRB099 19178 AMC 43570 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB5030

Introduced , by Rep. Margo McDermed

SYNOPSIS AS INTRODUCED:

20 ILCS 1605/20.1	from Ch. 120, par. 1170.1
230 ILCS 5/27.3 new
230 ILCS 10/13.06 new
230 ILCS 40/20

Amends the Illinois Lottery Law, the Illinois Horse Racing Act of 1975, the Riverboat Gambling Act, and the Video Gaming Act. Provides that payout of winnings of $600 or more must be accompanied by an IL-5754 form setting forth the name, address, and Social Security number of the winner and the amount of the payout. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning gaming.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Lottery Law is amended by changing Section 20.1 as follows:

(20 ILCS 1605/20.1) (from Ch. 120, par. 1170.1)

Sec. 20.1. Department account.

(a) The Department is authorized to pay validated prizes up to $25,000 from funds held by the Department in an account separate and apart from all public moneys of the State. Moneys in this account shall be administered by the Director exclusively for the purposes of issuing payments to prize winners authorized by this Section. Moneys in this account shall be deposited by the Department into the Public Treasurers' Investment Pool established under Section 17 of the State Treasurer Act. The Department shall submit vouchers from time to time as needed for reimbursement of this account from moneys appropriated for prizes from the State Lottery Fund. Investment income earned from this account shall be deposited monthly by the Department into the Common School Fund. The Department shall file quarterly fiscal reports specifying the activity of this account as required under Section 16 of the State Comptroller Act, and shall file quarterly with the General Assembly, the Auditor General, the Comptroller, and the State Treasurer a report indicating the costs associated with this activity.

(b) The Department is authorized to enter into an interagency agreement with the Office of the Comptroller or any other State agency to establish responsibilities, duties, and procedures for complying with the Comptroller's Offset System under Section 10.05 of the State Comptroller Act. All federal and State tax reporting and withholding requirements relating to prize winners under this Section shall be the responsibility of the Department. Prizes of $600 or more must be accompanied by an IL-5754 form setting forth the names, addresses, Social Security numbers, and prize shares of all persons entitled to a share of the prize. Moneys from this account may not be used to pay amounts to deferred prize winners. Moneys may not be transferred from the State Lottery Fund to this account for payment of prizes under this Section until procedures are implemented to comply with the Comptroller's Offset System and sufficient internal controls are in place to validate prizes.

(Source: P.A. 97-464, eff. 10-15-11; 98-499, eff. 8-16-13.)

Section 10. The Illinois Horse Racing Act of 1975 is amended by adding Section 27.3 as follows:

(230 ILCS 5/27.3 new)

Sec. 27.3. Reporting payouts. For all pari-mutuel wagering conducted pursuant to this Act, payout of winning wagers and winnings from wagers of $600 or more must be accompanied by an IL-5754 form setting forth the name, address, and Social Security number of the winner and the amount of the payout.

Section 15. The Riverboat Gambling Act is amended by adding Section 13.06 as follows:

(230 ILCS 10/13.06 new)

Sec. 13.06. Reporting payouts. Payout of winnings of $600 or more must be accompanied by an IL-5754 form setting forth the name, address, and Social Security number of the winner and the amount of the payout.

Section 20. The Video Gaming Act is amended by changing Section 20 as follows:

(230 ILCS 40/20)

Sec. 20. Direct dispensing of receipt tickets only. A video gaming terminal may not directly dispense coins, cash, tokens, or any other article of exchange or value except for receipt tickets. Tickets shall be dispensed by pressing the ticket dispensing button on the video gaming terminal at the end of one's turn or play. The ticket shall indicate the total amount of credits and the cash award, the time of day in a 24-hour format showing hours and minutes, the date, the terminal serial number, the sequential number of the ticket, and an encrypted validation number from which the validity of the prize may be determined. The player shall turn in this ticket to the appropriate person at the licensed establishment, licensed truck stop establishment, licensed fraternal establishment, or licensed veterans establishment to receive the cash award. Cash awards of $600 or more must be accompanied by an IL-5754 form setting forth the name, address, and Social Security number of the player and the amount of the cash award. The cost of the credit shall be one cent, 5 cents, 10 cents, or 25 cents, and the maximum wager played per hand shall not exceed $2. No cash award for the maximum wager on any individual hand shall exceed $500.

(Source: P.A. 96-34, eff. 7-13-09; 96-1410, eff. 7-30-10.)

Section 99. Effective date. This Act takes effect upon becoming law.