Vote Smart's Synopsis:

Vote to concur with house amendments and pass a bill that amends the tax structure for an upcoming Chicago casino.

Highlights:

• Establishes a privilege tax, beginning on the first day that an owners licensee, including the owners licensee for casino gambling in Chicago, conducts gambling operations, either in a temporary facility or permanent facility, on persons engaged in the business of conducting certain gambling operations, other than licensed managers conducting riverboat gambling operations on behalf of the state, based on the adjusted gross receipts received by such licensee from the gambilng games (Sec. 7.7).

• Requires the privilege tax for all gambling games other than table games to be at the following rates (Sec. 7.7):

• 12 percent of annual adjusted gross receipts up to and including $25,000,000 to the State and 10.5% of annual adjusted gross receipts up to and including $25,000,000 to the City of Chicago;

• 16 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $50,000,000 to the State and 14 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $50,000,000 to the City of Chicago;

• 20.1 percent of annual adjusted gross receipts in excess of $50,000,000 but not exceeding $75,000,000 to the State and 17.4 percent of annual adjusted gross receipts in excess of $50,000,000 but not exceeding $75,000,000 to the City of Chicago;

• 21.4 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $100,000,000 to the State and 18.6 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $100,000,000 to the City of Chicago;

• 22.7 percent of annual adjusted gross receipts in excess of $100,000,000 but not exceeding $150,000,000 to the State and 19.8% of annual adjusted gross receipts in excess of $100,000,000 but not exceeding $150,000,000 to the City of Chicago;

• 24.1 percent of annual adjusted gross receipts in excess of $150,000,000 but not exceeding $225,000,000 to the State and 20.9 percent of annual adjusted gross receipts in excess of $150,000,000 but not exceeding $225,000,000 to the City of Chicago;

• 26.8 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $1,000,000,000 to the State and 23.2 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $1,000,000,000 to the City of Chicago; and

• 40 percent of annual adjusted gross receipts in excess of $1,000,000,000 to the State and 34.7 percent of annual gross receipts in excess of $1,000,000,000 to the City of Chicago.

• Establishes the privilege tax for table games at the following rates (Sec. 7.7):

• 8.1 percent of annual adjusted gross receipts up to and including $25,000,000 to the State and 6.9 percent of annual adjusted gross receipts up to and including $25,000,000 to the City of Chicago;

• 10.7 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $75,000,000 to the State and 9.3 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $75,000,000 to the City of Chicago;

• 11.2 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $175,000,000 to the State and 9.8 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $175,000,000 to the City of Chicago;

• 13.5 percent of annual adjusted gross receipts in excess of $175,000,000 but not exceeding $225,000,000 to the State and 11.5 pecent of annual adjusted gross receipts in excess of $175,000,000 but not exceeding $225,000,000 to the City of Chicago;

• 15.1 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $275,000,000 to the State and 12.9 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $275,000,000 to the City of Chicago;

• 16.2 percent of annual adjusted gross receipts in excess of $275,000,000 but not exceeding $375,000,000 to the State and 13.8 percent of annual adjusted gross receipts in excess of $275,000,000 but not exceeding $375,000,000 to the City of Chicago; and

• 18.9 percent of annual adjusted gross receipts in excess of $375,000,000 to the State and 16.1 percent of annual gross receipts in excess of $375,000,000 to the City of Chicago.

• Specifies that portions of the tax revenue deposited in the State Gaming Fund pursuant to certain riverboat or casino gambling operations conducted by an owners licensee will be allotted to the home rule county in which the owners licensee is located for the purpose of enhancing the county’s criminal justice system (Sec. 7.7).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that amends the tax structure for an
upoming Chicago casino.

Highlights:

• Establishes a privilege tax, beginning on the first day that an owners licensee, including the owners licensee for casino gambling in Chicago, conducts gambling operations, either in a temporary facility or permanent facility, on persons engaged in the business of conducting certain gambling operations, other than licensed managers conducting riverboat gambling operations on behalf of the state, based on the adjusted gross receipts received by such licensee from the gambilng games (Sec. 7.7).

• Requires the privilege tax for all gambling games other than table games to be at the following rates (Sec. 7.7):

• 12 percent of annual adjusted gross receipts up to and including $25,000,000 to the State and 10.5% of annual adjusted gross receipts up to and including $25,000,000 to the City of Chicago;

• 16 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $50,000,000 to the State and 14 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $50,000,000 to the City of Chicago;

• 20.1 percent of annual adjusted gross receipts in excess of $50,000,000 but not exceeding $75,000,000 to the State and 17.4 percent of annual adjusted gross receipts in excess of $50,000,000 but not exceeding $75,000,000 to the City of Chicago;

• 21.4 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $100,000,000 to the State and 18.6 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $100,000,000 to the City of Chicago;

• 22.7 percent of annual adjusted gross receipts in excess of $100,000,000 but not exceeding $150,000,000 to the State and 19.8% of annual adjusted gross receipts in excess of $100,000,000 but not exceeding $150,000,000 to the City of Chicago;

• 24.1 percent of annual adjusted gross receipts in excess of $150,000,000 but not exceeding $225,000,000 to the State and 20.9 percent of annual adjusted gross receipts in excess of $150,000,000 but not exceeding $225,000,000 to the City of Chicago;

• 26.8 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $1,000,000,000 to the State and 23.2 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $1,000,000,000 to the City of Chicago; and

• 40 percent of annual adjusted gross receipts in excess of $1,000,000,000 to the State and 34.7 percent of annual gross receipts in excess of $1,000,000,000 to the City of Chicago.

• Establishes the privilege tax for table games at the following rates (Sec. 7.7):

• 8.1 percent of annual adjusted gross receipts up to and including $25,000,000 to the State and 6.9 percent of annual adjusted gross receipts up to and including $25,000,000 to the City of Chicago;

• 10.7 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $75,000,000 to the State and 9.3 percent of annual adjusted gross receipts in excess of $25,000,000 but not exceeding $75,000,000 to the City of Chicago;

• 11.2 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $175,000,000 to the State and 9.8 percent of annual adjusted gross receipts in excess of $75,000,000 but not exceeding $175,000,000 to the City of Chicago;

• 13.5 percent of annual adjusted gross receipts in excess of $175,000,000 but not exceeding $225,000,000 to the State and 11.5 pecent of annual adjusted gross receipts in excess of $175,000,000 but not exceeding $225,000,000 to the City of Chicago;

• 15.1 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $275,000,000 to the State and 12.9 percent of annual adjusted gross receipts in excess of $225,000,000 but not exceeding $275,000,000 to the City of Chicago;

• 16.2 percent of annual adjusted gross receipts in excess of $275,000,000 but not exceeding $375,000,000 to the State and 13.8 percent of annual adjusted gross receipts in excess of $275,000,000 but not exceeding $375,000,000 to the City of Chicago; and

• 18.9 percent of annual adjusted gross receipts in excess of $375,000,000 to the State and 16.1 percent of annual gross receipts in excess of $375,000,000 to the City of Chicago.

• Specifies that portions of the tax revenue deposited in the State Gaming Fund pursuant to certain riverboat or casino gambling operations conducted by an owners licensee will be allotted to the home rule county in which the owners licensee is located for the purpose of enhancing the county’s criminal justice system (Sec. 7.7).

Full Bill Text