House Sponsors: MADIGAN,MJ-BRUNSVOLD. Senate Sponsors: WEAVER-JACOBS Short description: RIVERBOAT GAMBLING ACT Synopsis of Bill as introduced: Amends the Riverboat Gambling Act. Makes a technical change in a Section concerning the short title. SENATE AMENDMENT NO. 1. (Tabled June 2, 2002) Deletes reference to: 230 ILCS 10/1 Adds reference to: 230 ILCS 10/3 230 ILCS 10/4 from Ch. 120, par. 2404 230 ILCS 10/7 from Ch. 120, par. 2407 230 ILCS 10/13 230 ILCS 10/11.3 new 230 ILCS 10/11.4 new 230 ILCS 10/13.2 new Deletes everything. Amends the Riverboat Gambling Act. Authorizes riverboat gambling in a municipality that borders the Mississippi River or in a municipality that is within 5 miles of the city limits of a municipality that has a riverboat conducting riverboat gambling operations on the effective date. Changes the definition of "riverboat" to include permanently moored barges that are permanently fixed together. Increases the owners license renewal fee from $5,000 per year to $50,000 per year. Imposes a 10% tax on annual adjusted gross receipts in excess of $200,000,000 that is in addition to other taxes imposed under this Act. Provides that the proceeds from this tax shall be paid into the Education Assistance Fund. Provides that the Board shall reallocate a portion of the gaming positions of a licensee that conducts riverboat gambling from a home dock in Rock Island County to certain owners licensees. Authorizes certain owners licensees to use the gaming positions authorized by an owners license under which riverboat gambling operations are not being conducted on the effective date of this amendatory Act. Authorizes an owners licensee that receives a reallocation of gaming positions to conduct riverboat gambling operations using those positions in an area of a building that is on land if that building is the same building in which its other riverboat gambling operations are conducted. Amends Public Act 91-40 to replace that Act's inseverability clause with a severability clause. Effective immediately. SENATE AMENDMENT NO. 2. (Tabled June 2, 2002) Deletes reference to: 230 ILCS 10/3 Further amends the Riverboat Gambling Act. Deletes provisions that authorize an owners licensee to conduct riverboat gambling operations using gaming positions that have been reallocated to it pursuant to this amendatory Act in an area of a building that is on land. Provides that the Gaming Board shall issue 10 owners licenses (now may issue up to 10 owners licenses). SENATE AMENDMENT NO. 3. Adds reference to: 230 ILCS 10/5 from Ch. 120, par. 2405 230 ILCS 10/13 from Ch. 120, par. 2413 30 ILCS 105/5.570 new P.A. 91-40, Sec. 30 Deletes everything. Amends the Riverboat Gambling Act. Changes the wagering tax rate schedule beginning when riverboat gambling operations are conducted under all owners licenses authorized under this Act or July 1, 2003, whichever is sooner. Puts a cap on the amount of certain wagering tax proceeds that are to be paid into the Horse Racing Equity Fund. Authorizes riverboat gambling in a municipality that borders the Mississippi River or in a municipality that is within 5 miles of the city limits of a municipality that has a riverboat conducting riverboat gambling operations on the effective date. Changes the definition of "riverboat" to include permanently moored barges that are permanently fixed together. Increases the owners license renewal fee from $5,000 per year to $50,000 per year. Provides that 4 members of the Gaming Board (now 3 members) constitutes a quorum. Provides that the Board shall issue 10 owners licenses (now may issue up to 10 owners licenses). Provides that if an owners license is revoked or not renewed, it shall be transferred to the Board and made subject to competitive bidding. Sets additional conditions upon the ownership of this license, including minimum female and minority ownership requirements. Provides that a person (1) to whom an owners license was issued, (2) whose license was revoked or not renewed, and (3) who has exhausted all of his or her appeals is entitled to monetary compensation for damage resulting from the revocation if his or her appeal was successful, but provides that the Gaming Board shall not reissue that owners license to that person. Provides that a person who invested in such a license is entitled to similar compensation if the appeal of the revocation or nonrenewal was not successful and if he or she has been found not to have violated the Act. Amends the State Finance Act to create the Owners Licensee Compensation Fund. Amends Public Act 91-40 to replace that Act's inseverability clause with a severability clause. Provides that the provisions of the amendatory Act are severable. Effective July 1, 2002. Last action on Bill: THIRD READING - LOST 021-030-005 Last action date: JUN-02-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status