Bill Amendment: IL HB5180 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: LOTTERY-CAPITAL PROJECTS FUND
Status: 2019-01-08 - Session Sine Die [HB5180 Detail]
Download: Illinois-2017-HB5180-Senate_Amendment_001.html
Bill Title: LOTTERY-CAPITAL PROJECTS FUND
Status: 2019-01-08 - Session Sine Die [HB5180 Detail]
Download: Illinois-2017-HB5180-Senate_Amendment_001.html
| |||||||
| |||||||
| |||||||
1 | AMENDMENT TO HOUSE BILL 5180
| ||||||
2 | AMENDMENT NO. ______. Amend House Bill 5180 by replacing | ||||||
3 | everything after the enacting clause with the following:
| ||||||
4 | "Section 5. The Video Gaming
Act is amended by changing | ||||||
5 | Section 60 as follows:
| ||||||
6 | (230 ILCS 40/60)
| ||||||
7 | Sec. 60. Imposition and distribution of tax.
| ||||||
8 | (a) A tax of 35% 30% is imposed on net terminal income
and | ||||||
9 | shall be collected by the Board.
| ||||||
10 | (b) Of the tax collected under this Section, six-sevenths | ||||||
11 | five-sixths shall be
deposited into the Capital Projects Fund | ||||||
12 | and one-seventh one-sixth shall be deposited into the Local | ||||||
13 | Government Video Gaming Distributive Fund.
| ||||||
14 | (c) Revenues generated from the play of video gaming | ||||||
15 | terminals shall be
deposited by the terminal operator, who is | ||||||
16 | responsible for tax payments, in
a specially created, separate |
| |||||||
| |||||||
1 | bank account maintained by the video gaming
terminal operator
| ||||||
2 | to allow for electronic fund transfers of moneys for tax | ||||||
3 | payment.
| ||||||
4 | (d) Each licensed establishment, licensed truck stop | ||||||
5 | establishment, licensed fraternal establishment,
and licensed | ||||||
6 | veterans establishment shall maintain an adequate video gaming
| ||||||
7 | fund, with the amount to be determined by the Board.
| ||||||
8 | (e) The State's percentage of net terminal income shall be | ||||||
9 | reported and remitted to the Board within 15 days after the | ||||||
10 | 15th day of each month and within 15 days after the end of each | ||||||
11 | month by the video terminal operator. A video terminal operator | ||||||
12 | who falsely reports or fails to report the amount due required | ||||||
13 | by this Section is guilty of a Class 4 felony and is subject to | ||||||
14 | termination of his or her license by the Board. Each video | ||||||
15 | terminal operator shall keep a record of net terminal income in | ||||||
16 | such form as the Board may require. All payments not remitted | ||||||
17 | when due shall be paid together with a penalty assessment on | ||||||
18 | the unpaid balance at a rate of 1.5% per month. | ||||||
19 | (Source: P.A. 96-34, eff. 7-13-09; 96-37, eff. 7-13-09.)".
|