HORSE RACING-UNDO PA 91-40
Synopsis of Bill as introduced:
Amends the Illinois Horse Racing Act of 1975. Deletes the
pari-mutuel tax and reimposes the privilege tax in substantially the
same form as it existed before the enactment of Public Act 91-40.
Deletes the recapture provisions. Deletes provisions creating the
pari-mutuel tax credit that were enacted pursuant to Public Act 91-40.
Restores provisions paying moneys from uncashed tickets to the
Veterans' Rehabilitation Fund that were deleted by Public Act 91-40.
Deletes provisions enacted pursuant to Public Act 91-40 that authorize
licensees to retain breakage moneys. Amends the State Finance Act to
make corresponding changes. Most provisions effective July 1, 2002,
with some provisions effective January 1, 2003.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status