91st General Assembly
Summary of HB0479
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Senate Sponsors:

Short description: 
RIVERBOAT ACT-TECHNICAL                                                    

Synopsis of Bill as introduced:
        Amends the Riverboat Gambling Act.  Makes a technical  change  in      
   the Section concerning the annual report of the Board.                      
          FISCAL NOTE, H-AM 1 (Illinois Gaming Board)                          
          Passage of this bill would clearly reduce the amount wagered         
          and the amount of gaming tax revenue taken in by the State.          
          There would likely be both immediate and long term reductions        
          in wagering and State revenue. The magnitude of this reduction       
          is impossible to predict; however, we would estimate it to           
          be 20% or more. Each 1% reduction in adjusted gross receipts         
          (AGR) reduces wagering tax revenue by approximately $3 million       
          on an annual basis.                                                  
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          230 ILCS 10/16                                                       
          Adds reference to:                                                   
          230 ILCS 10/11                  from Ch. 120, par. 2411              
        Deletes everything. Amends the Riverboat Gambling Act.  Prohibits      
   installation  of  terminals  accepting  certain  access  devices   for      
   electronic funds transfer and prohibits check cashing and issuing           
   warrants or coupons redeemable for cash.                                    
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


 Full Text  Bill Status