Bill > SB2671

This bill amends the Video Gaming Act to change the tax rate and distribution of funds from video gaming terminal income starting July 1, 2025. Currently, there is a 30% tax on net terminal income (money generated from video gaming machines after accounting for payouts), with five-sixths going to the Capital Projects Fund and one-sixth to the Local Government Video Gaming Distributive Fund. Beginning July 1, 2025, the bill increases the tax rate to 45% and redistributes the collected funds differently: 66.67% will go to the Capital Projects Fund, 11.11% to the Local Government Video Gaming Distributive Fund, 21.11% to the General Revenue Fund, and 1.11% to the State Gaming Fund, which will be transferred to the Department of Human Services specifically for compulsive gambling treatment programs. The bill also maintains existing requirements for terminal operators to report and remit tax payments, with penalties for false or late reporting. The legislation takes effect immediately upon becoming law, with the new tax rate and fund distribution schedule set to begin on July 1, 2025.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2671&GAID=18&DocTypeID=SB&SessionID=114&GA=104