92nd General Assembly
Summary of HB6281
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House Sponsors:

Short description: 
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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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