Illinois General Assembly - Bill Status for HB0916
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 Bill Status of HB0916  94th General Assembly

Short Description:  HORSE RACING-DAILY TAX RATE

House Sponsors
Rep. Jay C. Hoffman

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
230 ILCS 5/27from Ch. 8, par. 37-27


Synopsis As Introduced
Amends the Illinois Horse Racing Act of 1975. Provides that, on and after the effective date of this amendatory Act, every organization licensee and inter-track wagering location licensee shall pay a pari-mutuel tax at the rate of 1.1% of daily pari-mutuel handle; except that each organization licensee whose track facilities are located in counties of less than 400,000 and that was operating on or before June 1, 1986 and each inter-track wagering location licensee that derives its license from a track located in a county with a population in excess of 230,000 and that borders the Mississippi River shall instead pay a pari-mutuel tax at the rate of 0.1% of daily pari-mutuel handle. Provides that if certain circumstances occur, every organization licensee and inter-track wagering location licensee shall instead pay a pari-mutuel tax at the rate of 1.5% of daily pari-mutuel handle. Effective immediately.

 Fiscal Note (Department of Revenue)
 House Bill 916 would reduce pari-mutuel tax receipts by at least $4.18 million per year and could reduce those tax receipts by up to $7.88 million per year. House Bill 916 eliminates the tax on inter-track wagering licenses, which would reduce pari-mutuel tax revenues by $4.18 million per year. House Bill 916 also reduces the pari-mutuel tax rate on organization licenses and inter-track wagering location licensees, which would reduce pari-mutuel tax revenues by an additional $3.7 million per year if in effect for the entire year. If one of 2 triggering events occur, the tax rate on organization licensees and inter-track wagering location licensees would increase to the current 1.5% rate, which would reduce the $3.7 million loss from the portion of pari-mutuel taxes paid by organization licensees and inter-track wagering location licensees.

House Committee Amendment No. 1
Deletes reference to:
230 ILCS 5/27
Adds reference to:
230 ILCS 5/32.2 new

Replaces everything after the enacting clause. Amends the Horse Racing Act of 1975. Provides that, if the General Assembly fails to appropriate the moneys required to be appropriated under the recapture provisions of the Act by December 31 of each year, then each licensee shall receive an immediate pari-mutuel tax credit for that year in an amount equal to the amount certified by the Illinois Racing Board in January for any wagering facility for which the recapture was authorized. Effective immediately.

Actions 
DateChamber Action
  2/2/2005HouseFiled with the Clerk by Rep. Jay C. Hoffman
  2/2/2005HouseFirst Reading
  2/2/2005HouseReferred to Rules Committee
  2/8/2005HouseAssigned to Agriculture & Conservation Committee
  2/16/2005HouseFiscal Note Filed
  3/1/2005HouseHouse Committee Amendment No. 1 Filed with Clerk by Agriculture & Conservation Committee
  3/1/2005HouseHouse Committee Amendment No. 1 Adopted in Agriculture & Conservation Committee; by Voice Vote
  3/1/2005HouseDo Pass as Amended / Short Debate Agriculture & Conservation Committee; 012-002-000
  3/2/2005HousePlaced on Calendar 2nd Reading - Short Debate
  4/8/2005HouseSecond Reading - Short Debate
  4/8/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/15/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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