HB3779sam004 97TH GENERAL ASSEMBLY

Sen. Terry Link

Filed: 5/24/2012

09700HB3779sam004 LRB097 21717 JLS 70149 a

AMENDMENT TO HOUSE BILL 3779

AMENDMENT NO. ______. Amend House Bill 3779, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 3, on page 1, line 6, after "28", by inserting "and by adding Section 26.7"; and

on page 15, by replacing lines 24 through 26 with the following:

"Notwithstanding any other provision of this Act, until May 1, 2013 for a period of 3 years after the effective date of this amendatory Act"; and

on page 50, immediately below line 22, by inserting the following:

"(230 ILCS 5/26.7 new)

Sec. 26.7. Advanced deposit wagering surcharge. On and after the effective date of this amendatory Act of the 97th General Assembly, each advance deposit wagering licensee shall impose a surcharge of up to 0.18% on winning wagers and winnings from wagers placed through advance deposit wagering. The surcharge shall be deducted from winnings prior to payout. Amounts derived from a surcharge imposed under this Section shall be paid to the standardbred purse accounts of organization licensees conducting standardbred racing."; and

on page 52, by replacing lines 9 through 19 with the following: "pursuant to this subsection (a-5), beginning on the effective date of this amendatory Act of the 97th General Assembly until May 1, 2013 an additional pari-mutuel tax at the rate of 0.25% shall be imposed on advance deposit wagering, the amount of which shall not exceed $250,000 in each calendar year. Until the effective date of this amendatory Act of the 97th General Assembly, the The additional 0.25% pari-mutuel tax imposed on advance deposit wagering by Public Act 96-972 this amendatory Act of the 96th General Assembly shall be deposited into the Quarter Horse Purse Fund, which shall be created as a non-appropriated trust fund administered by the Board for grants to thoroughbred organization licensees for payment of purses for quarter horse races conducted by the organization licensee. On and after the effective date of this amendatory Act of the 97th General Assembly, the additional 0.25% pari-mutuel tax imposed on advance deposit wagering shall be deposited equally into the".