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IL SB3661

Bill

Status

Passed

7/19/2010

Primary Sponsor

Arthur Wilhelmi

Click for details

Origin

Senate

96th General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Commerce2/24/2010
Assignments2/11/2010

Full Bill Text

No bill text available