House Sponsors: JOHNSON,TOM-MCCARTHY-DART-SCHOENBERG-SKINNER, SCULLY, BELLOCK, HULTGREN, CROTTY AND BROSNAHAN. Short description: RVRBT GAMBLE-EXCESS PROFIT TAX Synopsis of Bill as introduced: Amends the Riverboat Gambling Act. Beginning January 1, 2000, 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. Effective immediately. HOUSE AMENDMENT NO. 1. Further amends the Riverboat Gambling Act. Changes the date the supplemental tax will initially be imposed from January 1, 2000 to July 1, 2000. Provides that the supplemental tax shall by imposed on adjusted gross receipts minus the sum of (i) all taxes paid by the licensee pursuant to the Act and (ii) all operating expenses of the licensee (now minus the sum of all taxes paid by the licensee pursuant to the Act). Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status