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92_SB2059
LRB9215874EGfg
1 AN ACT in relation to gambling.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Riverboat Gambling Act is amended by
5 changing Section 13 as follows:
6 (230 ILCS 10/13) (from Ch. 120, par. 2413)
7 Sec. 13. Wagering tax; rate; distribution.
8 (a) Until January 1, 1998, a tax is imposed on the
9 adjusted gross receipts received from gambling games
10 authorized under this Act at the rate of 20%.
11 From Beginning January 1, 1998 until July 1, 2002, a
12 privilege tax is imposed on persons engaged in the business
13 of conducting riverboat gambling operations, based on the
14 adjusted gross receipts received by a licensed owner from
15 gambling games authorized under this Act at the following
16 rates:
17 15% of annual adjusted gross receipts up to and
18 including $25,000,000;
19 20% of annual adjusted gross receipts in excess of
20 $25,000,000 but not exceeding $50,000,000;
21 25% of annual adjusted gross receipts in excess of
22 $50,000,000 but not exceeding $75,000,000;
23 30% of annual adjusted gross receipts in excess of
24 $75,000,000 but not exceeding $100,000,000;
25 35% of annual adjusted gross receipts in excess of
26 $100,000,000.
27 Beginning July 1, 2002, a privilege tax is imposed on
28 persons engaged in the business of conducting riverboat
29 gambling operations, based on the adjusted gross receipts
30 received by a licensed owner from gambling games authorized
31 under this Act at the following rates:
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1 25% of annual adjusted gross receipts up to and
2 including $25,000,000;
3 30% of annual adjusted gross receipts in excess of
4 $25,000,000 but not exceeding $50,000,000;
5 35% of annual adjusted gross receipts in excess of
6 $50,000,000 but not exceeding $75,000,000;
7 40% of annual adjusted gross receipts in excess of
8 $75,000,000 but not exceeding $100,000,000;
9 45% of annual adjusted gross receipts in excess of
10 $100,000,000.
11 The taxes imposed by this Section shall be paid by the
12 licensed owner to the Board not later than 3:00 o'clock p.m.
13 of the day after the day when the wagers were made.
14 (b) Until January 1, 1998, 25% of the tax revenue
15 deposited in the State Gaming Fund under this Section shall
16 be paid, subject to appropriation by the General Assembly, to
17 the unit of local government which is designated as the home
18 dock of the riverboat. Beginning January 1, 1998, from the
19 tax revenue deposited in the State Gaming Fund under this
20 Section, an amount equal to 5% of adjusted gross receipts
21 generated by a riverboat shall be paid monthly, subject to
22 appropriation by the General Assembly, to the unit of local
23 government that is designated as the home dock of the
24 riverboat.
25 Beginning July 1, 2002, from the tax revenue deposited
26 into the State Gaming Fund under this Section, in addition to
27 any other amount that may be provided for in this Section, an
28 amount equal to 1.0% of the adjusted gross receipts generated
29 by a riverboat shall be paid monthly, subject to
30 appropriation by the General Assembly, to the county in which
31 that riverboat docks.
32 (c) Appropriations, as approved by the General Assembly,
33 may be made from the State Gaming Fund to the Department of
34 Revenue and the Department of State Police for the
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1 administration and enforcement of this Act.
2 (c-5) After the payments required under subsections (b)
3 and (c) have been made, an amount equal to 15% of the
4 adjusted gross receipts of a riverboat (1) that relocates
5 pursuant to Section 11.2, or (2) for which an owners license
6 is initially issued after the effective date of this
7 amendatory Act of 1999, whichever comes first, shall be paid
8 from the State Gaming Fund into the Horse Racing Equity Fund.
9 (c-10) Each year the General Assembly shall appropriate
10 from the General Revenue Fund to the Education Assistance
11 Fund an amount equal to the amount paid into the Horse Racing
12 Equity Fund pursuant to subsection (c-5) in the prior
13 calendar year.
14 (c-15) After the payments required under subsections
15 (b), (c), and (c-5) have been made, an amount equal to 2% of
16 the adjusted gross receipts of a riverboat (1) that relocates
17 pursuant to Section 11.2, or (2) for which an owners license
18 is initially issued after the effective date of this
19 amendatory Act of 1999, whichever comes first, shall be paid,
20 subject to appropriation from the General Assembly, from the
21 State Gaming Fund to each home rule county with a population
22 of over 3,000,000 inhabitants for the purpose of enhancing
23 the county's criminal justice system.
24 (c-20) Each year the General Assembly shall appropriate
25 from the General Revenue Fund to the Education Assistance
26 Fund an amount equal to the amount paid to each home rule
27 county with a population of over 3,000,000 inhabitants
28 pursuant to subsection (c-15) in the prior calendar year.
29 (c-25) After the payments required under subsections
30 (b), (c), (c-5) and (c-15) have been made, an amount equal to
31 2% of the adjusted gross receipts of a riverboat (1) that
32 relocates pursuant to Section 11.2, or (2) for which an
33 owners license is initially issued after the effective date
34 of this amendatory Act of 1999, whichever comes first, shall
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1 be paid from the State Gaming Fund into the State
2 Universities Athletic Capital Improvement Fund.
3 (d) From time to time, the Board shall transfer the
4 remainder of the funds generated by this Act into the
5 Education Assistance Fund, created by Public Act 86-0018, of
6 the State of Illinois.
7 (e) Nothing in this Act shall prohibit the unit of local
8 government designated as the home dock of the riverboat from
9 entering into agreements with other units of local government
10 in this State or in other states to share its portion of the
11 tax revenue.
12 (f) To the extent practicable, the Board shall
13 administer and collect the wagering taxes imposed by this
14 Section in a manner consistent with the provisions of
15 Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5i, 5j, 6, 6a, 6b,
16 6c, 8, 9, and 10 of the Retailers' Occupation Tax Act and
17 Section 3-7 of the Uniform Penalty and Interest Act.
18 (Source: P.A. 90-548, eff. 12-4-97; 91-40, eff. 6-25-99.)
19 Section 99. Effective date. This Act takes effect July
20 1, 2002.