Sen. Terry Link

Filed: 3/5/2009

 

 


 

 


 
09600SB1298sam002 LRB096 10399 AMC 23162 a

1
AMENDMENT TO SENATE BILL 1298

2     AMENDMENT NO. ______. Amend Senate Bill 1298, on page 1,
3 line 6, by replacing "3.28 and 3.29" with "3.28, 3.29, and
4 3.30"; and
 
5 on page 1, by replacing lines 13 and 14 with the following:
6 "horse race is being conducted and excluding advance deposit
7 wagering through an advance deposit wagering licensee."; and
 
8 on page 3, immediately below line 23, by inserting the
9 following:
 
10     "(230 ILCS 5/3.30 new)
11     Sec. 3.30. Advance deposit wagering terminal. "Advance
12 deposit wagering terminal" means any electronic devise placed
13 by an advanced deposit wagering license at a wagering facility
14 that facilitates the placement of an advance deposit wager and
15 that can be electronically tracked so the location of the

 

 

09600SB1298sam002 - 2 - LRB096 10399 AMC 23162 a

1 wagering facility where the advance deposit wagering terminal
2 is located can be readily identified and so all wagers placed
3 through the advance deposit wagering terminal are easily
4 reportable."; and
 
5 on page 8, line 9, after the period, by inserting "The Board
6 shall adopt rules limiting the interstate commission fees
7 charged to an advance deposit wagering licensee."; and
 
8 on page 8, line 22, after the period, by inserting "Advance
9 deposit wagering licensees may place advance deposit wagering
10 terminals at wagering facilities as a convenience to customers.
11 The advance deposit wagering licensee shall not charge or
12 collect any fee from purses for the placement of the advance
13 deposit wagering terminals."; and
 
14 on page 9, line 9, after "Act,", by inserting "for a period of
15 3 years after the effective date of this amendatory Act of the
16 96th General Assembly,"; and
 
17 on page 45, line 15, after the period, by inserting "In
18 addition to the pari-mutuel tax imposed on advance deposit
19 wagering pursuant to this subsection (a-5), an additional
20 pari-mutuel tax at the rate of 0.25% shall be imposed on
21 advance deposit wagering, the amount of which shall not exceed
22 $250,000 in each calendar year. The additional 0.25%

 

 

09600SB1298sam002 - 3 - LRB096 10399 AMC 23162 a

1 pari-mutuel tax imposed on advance deposit wagering by this
2 amendatory Act of the 96th General Assembly shall be deposited
3 into the Quarter Horse Purse Fund, which shall be created as a
4 non-appropriated trust fund administered by the Board for
5 grants to thoroughbred organization licensees for payment of
6 purses for quarter horse races conducted by the organization
7 licensee. Thoroughbred organization licensees may petition the
8 Board to conduct quarter horse racing and receive purse grants
9 from the Quarter Horse Purse Fund. The Board shall have
10 complete discretion in distributing the Quarter Horse Purse
11 Fund to the petitioning organization licensees.".