Bill Status of HB1600 95th General Assembly
Short Description: RVRBT/SUPP TAX-DEPRESSED MUNIC
Rep. Wyvetter H. Younge
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the State Finance Act to create the Depressed Municipalities Fund. Amends the Riverboat Gambling Act. Imposes a supplemental tax of 0.5% of adjusted gross receipts on each licensed owner of a riverboat conducting gambling operations from a home dock located in East St. Louis. Provides that the moneys shall be paid into the Depressed Municipalities Fund and paid to Alorton, Centreville, Brooklyn, Washington Park, and Venice for infrastructure improvement projects. Effective immediately.