Bill Title: Amends the Illinois Gambling Act. Provides that a change in rates of the privilege tax imposed on casinos and riverboats begins on January 1, 2020 (rather than the first day the new casino conducts gambling operations). Requires the Illinois Gaming Board to calculate the amount of privilege taxes collected from each owners licensee from January 1, 2020 until the effective date of the amendatory Act under the current tax rate and the amount of privilege taxes owed under the new tax rate from January 1, 2020 until the effective date of the amendatory Act and to calculate the difference between the rates and credit any overpaid amount of privilege taxes against the future privilege tax obligations of the owners license. Effective immediately.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3742 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Cristina Castro [D]	Primary	Sponsored Bills	SD-022	FollowTheMoney	Ballotpedia	VoteSmart
Senator Linda Holmes [D]	Cosponsor	Sponsored Bills	SD-042	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pat McGuire [D]	Cosponsor	Sponsored Bills	SD-043	FollowTheMoney	Ballotpedia	VoteSmart
Senator David Koehler [D]	Cosponsor	Sponsored Bills	SD-046	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jennifer Bertino-Tarrant [D]	Cosponsor	Sponsored Bills	SD-049	FollowTheMoney	Ballotpedia	VoteSmart

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