Bill Text: IL HB1088 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Bingo License and Tax Act. Provides that 5% of the net proceeds (instead of gross proceeds) of any game of bingo conducted under the Act shall be paid to the Department of Revenue. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1088 Detail]

Download: Illinois-2011-HB1088-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB1088 Introduced , by Rep. Thomas Holbrook SYNOPSIS AS INTRODUCED:
230 ILCS 25/3 from Ch. 120, par. 1103
Amends the Bingo License and Tax Act. Provides that 5% of the net proceeds (instead of gross proceeds) of any game of bingo conducted under the Act shall be paid to the Department of Revenue. Effective immediately.
LRB097 06415 ASK 46497 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB1088 LRB097 06415 ASK 46497 b
AN ACT concerning gaming.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Bingo License and Tax Act is amended by
changing Section 3 as follows:
(230 ILCS 25/3) (from Ch. 120, par. 1103)
Sec. 3. There shall be paid to the Department of Revenue,
5% of the net gross proceeds of any game of bingo conducted
under the provision of this Act. Such payments shall be made 4
times per year, between the first and the 20th day of April,
July, October and January. Accompanying each payment shall be a
return, on forms prescribed by the Department of Revenue.
Failure to submit either the payment or the return within the
specified time may result in suspension or revocation of the
license. Tax returns filed pursuant to this Act shall not be
confidential and shall be available for public inspection.
All payments made to the Department of Revenue under this
Section shall be deposited as follows:
(1) 50% shall be deposited in the Mental Health Fund;
and
(2) 50% shall be deposited in the Common School Fund.
The provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f,
5g, 5i, 5j, 6, 6a, 6b, 6c, 8, 9, 10, 11 and 12 of the Retailers'

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Occupation Tax Act and Section 3-7 of the Uniform Penalty and
Interest Act, which are not inconsistent with this Act, shall
apply, as far as practicable, to the subject matter of this Act
to the same extent as if such provisions were included in this
Act. For the purposes of this Act, references in such
incorporated Sections of the Retailers' Occupation Tax Act to
retailers, sellers or persons engaged in the business of
selling tangible personal property means persons engaged in
conducting bingo games, and references in such incorporated
Sections of the Retailers' Occupation Tax Act to sales of
tangible personal property mean the conducting of bingo games
and the making of charges for playing such games.
(Source: P.A. 95-228, eff. 8-16-07.)
Section 99. Effective date. This Act takes effect upon
becoming law.