Sen. Celina Villanueva

Filed: 5/26/2024

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1
AMENDMENT TO HOUSE BILL 4951
2 AMENDMENT NO. ______. Amend House Bill 4951, AS AMENDED,
3with reference to page and line numbers of Senate Amendment
4No. 2, on page 1078, line 15, by replacing "tax imposed under
5subsection (a)" with "tax imposed under subsection (a), (d),
6or (d-5)"; and
7by replacing everything from line 24 on page 1079 through line
820 on page 1080 with the following:
9 "(d) Beginning on July 1, 2024, and for each 12-month
10period thereafter, for the privilege of holding a license to
11operate sports wagering under this Act, this State shall
12impose a privilege tax on the master sports licensee's
13adjusted gross sports wagering receipts from sports wagering
14over the Internet or through a mobile application based on the
15following rates:
16 20% of annual adjusted gross sports wagering receipts
17 up to and including $30,000,000.

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1 25% of annual adjusted gross sports wagering receipts
2 in excess of $30,000,000 but not exceeding $50,000,000.
3 30% of annual adjusted gross sports wagering receipts
4 in excess of $50,000,000 but not exceeding $100,000,000.
5 35% of annual adjusted gross sports wagering receipts
6 in excess of $100,000,000 but not exceeding $200,000,000.
7 40% of annual adjusted gross sports wagering receipts
8 in excess of $200,000,000.
9 (d-5) Beginning on July 1, 2024, and for each 12-month
10period thereafter, for the privilege of holding a license to
11operate sports wagering under this Act, this State shall
12impose a privilege tax on the master sports licensee's
13adjusted gross sports wagering receipts from sports wagering
14from other than over the Internet or through a mobile
15application based on the following rates:
16 20% of annual adjusted gross sports wagering receipts
17 up to and including $30,000,000.
18 25% of annual adjusted gross sports wagering receipts
19 in excess of $30,000,000 but not exceeding $50,000,000.
20 30% of annual adjusted gross sports wagering receipts
21 in excess of $50,000,000 but not exceeding $100,000,000.
22 35% of annual adjusted gross sports wagering receipts
23 in excess of $100,000,000 but not exceeding $200,000,000.
24 40% of annual adjusted gross sports wagering receipts
25 in excess of $200,000,000.
26 (d-10) The accrual method of accounting shall be used for

10300HB4951sam004- 3 -LRB103 38094 HLH 74236 a
1purposes of calculating the amount of the tax owed by the
2licensee.
3 (d-15) The taxes levied and collected pursuant to
4subsections (d) and (d-5) are due and payable to the Board no
5later than the last day of the month following the calendar
6month in which the adjusted gross sports wagering receipts
7were received and the tax obligation was accrued."; and