Illinois General Assembly - Full Text of SB0744
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Full Text of SB0744  96th General Assembly

SB0744sam004 96TH GENERAL ASSEMBLY

Sen. Terry Link

Filed: 5/14/2009

 

 


 

 


 
09600SB0744sam004 LRB096 06812 AMC 26809 a

1
AMENDMENT TO SENATE BILL 744

2     AMENDMENT NO. ______. Amend Senate Bill 744, AS AMENDED,
3 with reference to page and line numbers of Senate Amendment No.
4 2, on page 171, by replacing lines 21 through 26 with the
5 following:
6     "If the licensed owner of a riverboat in operation on
7 January 1, 2009 has capital projects of at least $45,000,000
8 that are approved by the Board in calendar year 2006 and
9 thereafter or, starting in 2006 and going forward, for which at
10 least $45,000,000 in capital expenditures have been made during
11 a period of 3 calendar years, then no admissions tax is imposed
12 on admissions to that riverboat for a 3-year period beginning
13 on (i) the January 1 after the approval or the expenditures
14 have been made or (ii) in the case of projects approved or
15 expenditures made before the effective date of this amendatory
16 Act of the 96th General Assembly, January 1, 2010.".