summary
Introduced
02/09/2024
02/09/2024
In Committee
02/09/2024
02/09/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Video Gaming Act. Provides that the tax collected under the Act from terminal income generated in municipalities with a population greater than or equal to 2,000,000 shall be deposited into the Capital Projects Fund and into the Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund (rather than deposited into the Capital Projects Fund and into the Local Government Video Gaming Distributive Fund). Makes conforming changes. Amends the State Finance Act to create the Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund. Effective immediately.
AI Summary
This bill amends the Video Gaming Act by changing the distribution of tax revenue from video gaming terminals. It provides that the tax collected from terminal income generated in municipalities with a population greater than or equal to 2 million shall be deposited into the Capital Projects Fund and into the newly created Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund, rather than being deposited into the existing Local Government Video Gaming Distributive Fund. The bill also creates the Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund in the State Finance Act.
Sponsors (1)
Last Action
Session Sine Die (on 01/07/2025)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Sports and Gambling Regulation
Government Operations
- ‐ Intergovernmental Relations
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3643&GAID=17&DocTypeID=SB&SessionID=112&GA=103 | 02/09/2024 |
| BillText | https://www.ilga.gov/legislation/103/SB/10300SB3643.htm | 02/09/2024 |
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