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IL SB3643
Bill
Status
Failed
1/7/2025
Primary Sponsor
Willie Preston
Click for details
AI Summary
- Creates a separate tax distribution mechanism for municipalities with a population of 2,000,000 or greater by establishing the Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund
- Allocates four-fifteenths of video gaming tax revenue from terminals in large municipalities to the new fund, with eleven-fifteenths directed to the Capital Projects Fund
- Maintains the existing one-sixth to five-sixths split (Local Government Video Gaming Distributive Fund to Capital Projects Fund) for municipalities with populations under 2,000,000 and counties
- Amends the State Finance Act to formally create the Local Government with Greater than 2,000,000 Residents Video Gaming Distributive Fund as a special fund in the State Treasury
- Becomes effective immediately upon passage
Legislative Description
VIDEO GAMING-LOCAL SHARE
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments2/9/2024
Full Bill Text
No bill text available