Illinois SB1342 amends the Video Gaming Act to prohibit municipalities with populations over 1,000,000 from banning video gaming and imposes taxes on.
Illinois SB1342 amends the Video Gaming Act by prohibiting municipalities with populations over 1,000,000 from passing ordinances banning video gaming within their limits. Instead, video gaming can only be prohibited by referendum. The bill also imposes a 34% tax on net terminal income in such municipalities, with 83% of the tax revenue going to the Regional Transportation Authority and 17% to the municipality. The tax is collected by the Illinois Gaming Board. The bill further details tax distribution and penalties for non-compliance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.