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IL SB3661
Bill
Status
7/19/2010
Primary Sponsor
Arthur Wilhelmi
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AI Summary
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Establishes a specialty retailer license classification for the Illinois Lottery to facilitate year-round sale of instant scratch-off lottery games benefiting the Veterans Assistance Fund.
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Limits specialty retailer licenses to veterans service organizations that are formed by and for U.S. military veterans, chartered by Congress, incorporated in Illinois, maintain a state headquarters in Illinois, and are not funded by the state or any county.
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Requires specialty retailers to purchase tickets at face value upfront from the Illinois Lottery and resell them at face value, with the ability to obtain refunds for unsold tickets.
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Provides specialty retailers a 2% sales commission on the face value of purchased tickets, less adjustments for returns, and an additional 1% bonus for selling winning tickets valued at $1,000 or more.
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Exempts specialty retailer licenses from standard lottery retailer fees established in Section 10.2 of the Illinois Lottery Law.
Legislative Description
ENTERPRISE ZONES-30 ADDITIONAL
Last Action
Public Act . . . . . . . . . 96-1105
7/19/2010