YOUNGE. New Act 30 ILCS 105/5.545 new 230 ILCS 10/13 from Ch. 120, par. 2413 230 ILCS 10/13.2 new 230 ILCS 10/23 from Ch. 120, par. 2423 Re-enacts the provisions of the East St. Louis Area Development Act as the East St. Louis Area Development Act of 2001. 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 riverboats that dock in East St. Louis. 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. FISCAL NOTE (Department of Commerce and Community Affairs) HB 2178 has no fiscal impact on the Department. FISCAL NOTE (Illinois Gaming Board) Based on CY 2000 adjusted gross receipts for the E. St. Louis riverboat (Casino Queen), HB 2178 would generate an additional $3.9 million for the Enterprise Zone Assistance Fund. There would be minimal administrative costs to the Gaming Board. FEB-22-2001 H FILED WITH CLERK FEB-22-2001 H FIRST READING FEB-22-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-23-2001 H ASSIGNED TO COMMITTEE EXECUTIVE MAR-13-2001 H FISCAL NOTE FILED MAR-13-2001 H COMMITTEE EXECUTIVE MAR-14-2001 H FISCAL NOTE FILED MAR-14-2001 H COMMITTEE EXECUTIVE MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary