House Sponsors: YOUNGE. Short description: RIVERBOAT-EAST ST LOUIS-ALT TA Synopsis of Bill as introduced: Re-enacts the provisions of the East St. Louis Area Development Act as the East St. Louis Area Development Act of 2001. Also creates a demonstration enterprise zone in the East St. Louis area. Provides that the East St. Louis Area Development Authority shall exercise authority over the zone regarding specified matters. Provides for operation of the zone and for the creation of an Enterprise Zone Assistance Fund. Amends the State Finance Act to create the Enterprise Zone Assistance Fund. Amends the Riverboat Gambling Act by imposing an investment alternative tax of 2.5% of the adjusted gross receipts from wagering on riverboats that dock in East St. Louis. Part or all of the tax may be waived if a licensee purchases bonds or makes other investments approved by the Authority; otherwise the tax shall be paid into the Enterprise Zone Assistance Fund. Effective immediately. FISCAL NOTE (Department of Commerce and Community Affairs) HB 2178 has no fiscal impact on the Department. FISCAL NOTE (Illinois Gaming Board) Based on CY 2000 adjusted gross receipts for the E. St. Louis riverboat (Casino Queen), HB 2178 would generate an additional $3.9 million for the Enterprise Zone Assistance Fund. There would be minimal administrative costs to the Gaming Board. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status