YOUNGE. New Act 30 ILCS 105/5.541 new 230 ILCS 10/13 from Ch. 120, par. 2413 230 ILCS 10/13.2 new 230 ILCS 10/23 from Ch. 120, par. 2423 Re-enacts the provisions of the East St. Louis Area Development Act as the East St. Louis Area Development Act of 2000. 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 East St. Louis riverboats. 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. 00-01-26 H FILED WITH CLERK 00-01-26 H FIRST READING 00-01-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary