Bill Text: IL HB2837 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Video Gaming Act. Provides that for revenue generated under provisions concerning imposition and distribution of tax after $850,000,000, funds shall be distributed as follows: one-sixth shall be distributed to the Department of Human Services Community Services Fund for mental health services and treatment; one-sixth shall be distributed to the Local Government Distributive Fund; and two-thirds shall be distributed to the Capital Projects Fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-02-16 - Referred to Rules Committee [HB2837 Detail]
Download: Illinois-2023-HB2837-Introduced.html
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1 | AN ACT concerning gaming.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Video Gaming
Act is amended by changing | |||||||||||||||||||
5 | Section 60 as follows:
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6 | (230 ILCS 40/60)
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7 | Sec. 60. Imposition and distribution of tax.
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8 | (a) A tax of 30% is imposed on net terminal income
and | |||||||||||||||||||
9 | shall be collected by the Board.
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10 | Of the tax collected under this subsection (a), | |||||||||||||||||||
11 | five-sixths shall be
deposited into the Capital Projects Fund | |||||||||||||||||||
12 | and one-sixth shall be deposited into the Local Government | |||||||||||||||||||
13 | Video Gaming Distributive Fund.
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14 | (b) Beginning on July 1, 2019, an additional tax of 3% is | |||||||||||||||||||
15 | imposed on net terminal income
and shall be collected by the | |||||||||||||||||||
16 | Board. | |||||||||||||||||||
17 | Beginning on July 1, 2020, an additional tax of 1% is | |||||||||||||||||||
18 | imposed on net terminal income
and shall be collected by the | |||||||||||||||||||
19 | Board. | |||||||||||||||||||
20 | The tax collected under this subsection (b) shall be | |||||||||||||||||||
21 | deposited into the Capital Projects Fund. | |||||||||||||||||||
22 | (c) Revenues generated from the play of video gaming | |||||||||||||||||||
23 | terminals shall be
deposited by the terminal operator, who is |
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1 | responsible for tax payments, in
a specially created, separate | ||||||
2 | bank account maintained by the video gaming
terminal operator
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3 | to allow for electronic fund transfers of moneys for tax | ||||||
4 | payment.
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5 | (d) Each licensed establishment, licensed truck stop | ||||||
6 | establishment, licensed large truck stop establishment, | ||||||
7 | licensed fraternal establishment,
and licensed veterans | ||||||
8 | establishment shall maintain an adequate video gaming
fund, | ||||||
9 | with the amount to be determined by the Board.
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10 | (e) The State's percentage of net terminal income shall be | ||||||
11 | reported and remitted to the Board within 15 days after the | ||||||
12 | 15th day of each month and within 15 days after the end of each | ||||||
13 | month by the video terminal operator. A video terminal | ||||||
14 | operator who falsely reports or fails to report the amount due | ||||||
15 | required by this Section is guilty of a Class 4 felony and is | ||||||
16 | subject to termination of his or her license by the Board. Each | ||||||
17 | video terminal operator shall keep a record of net terminal | ||||||
18 | income in such form as the Board may require. All payments not | ||||||
19 | remitted when due shall be paid together with a penalty | ||||||
20 | assessment on the unpaid balance at a rate of 1.5% per month. | ||||||
21 | (f) For revenue generated under this Section after | ||||||
22 | $850,000,000, funds shall be distributed as follows: | ||||||
23 | (1) one-sixth shall be distributed to the Department | ||||||
24 | of Human Services Community Services Fund for mental | ||||||
25 | health services and treatment; | ||||||
26 | (2) one-sixth shall be distributed to the Local |
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1 | Government Distributive Fund; and | ||||||
2 | (3) two-thirds shall be distributed to the Capital | ||||||
3 | Projects Fund. | ||||||
4 | (Source: P.A. 101-31, eff. 6-28-19.)
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