Illinois General Assembly - Bill Status for SB0503
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 Bill Status of SB0503  94th General Assembly


Short Description:  HORSE RACING-DELETE RECAPTURE

Senate Sponsors
Sen. Rickey R. Hendon

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

Statutes Amended In Order of Appearance
230 ILCS 5/26from Ch. 8, par. 37-26
230 ILCS 5/26.5from Ch. 8, par. 37-26.5
230 ILCS 5/29from Ch. 8, par. 37-29
230 ILCS 5/26.3 rep.


Synopsis As Introduced
Amends the Illinois Horse Racing Act of 1975. Deletes the provisions concerning the payment of certain moneys that would otherwise be payable to purse accounts to wagering facilities if the total Illinois pari-mutuel handle on Illinois horse races at all wagering facilities in a calendar year is less than 75% of the total Illinois pari-mutuel handle on Illinois horse races at all such wagering facilities for calendar year 1994 (the recapture provisions). Makes changes concerning the distribution of certain inter-track wagering moneys. Repeals a provision authorizing organization licensees to impose a surcharge on winning wagers and winnings from wagers and makes a corresponding change.

Actions 
DateChamber Action
  2/17/2005SenateFiled with Secretary by Sen. Rickey R. Hendon
  2/17/2005SenateFirst Reading
  2/17/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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