House Sponsors: YOUNGE. Short description: RIVERBOAT-EAST ST LOUIS-ALT TA Synopsis of Bill as introduced: Re-enacts the provisions of the East St. Louis Area Development Act as the East St. Louis Area Development Act of 1999. Also creates a demonstration enterprise zone in the East St. Louis area. Provides that the East St. Louis Area Development Authority shall exercise authority over the zone regarding specified matters. Provides for operation of the zone and for the creation of an Enterprise Zone Assistance Fund. Amends the State Finance Act to create the Enterprise Zone Assistance Fund. Amends the Riverboat Gambling Act by imposing an investment alternative tax of 2.5% of the adjusted gross receipts from wagering on East St. Louis riverboats. Part or all of the tax may be waived if a licensee purchases bonds or makes other investments approved by the Authority; otherwise the tax shall be paid into the Enterprise Zone Assistance Fund. Effective immediately. HOUSING AFFORDABILITY NOTE (Housing Development Authority) This bill will have no fiscal effect on the cost of construct- ing, purchasing, owning or selling a single-family residence. HOUSE AMENDMENT NO. 2. Deletes reference to: 30 ILCS 105/5/490 new 230 ILCS 10/13 230 ILCS 10/13.2 new 230 ILCS 10/23 Deletes everything except the provisions that re-enact the provisions of the East St. Louis Area Development Act as the East St. Louis Area Redevelopment Act of 1999. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status