Illinois SB2671 amends the Video Gaming Act to impose a 45% tax on net terminal income starting July 1, 2025, with specific allocations to various.
Illinois SB2671 amends the Video Gaming Act by imposing a 45% tax on net terminal income starting July 1, 2025. This tax is collected by the Illinois Gaming Board. Of the collected tax, 66.67% is deposited into the Capital Projects Fund, 11.11% into the Local Government Video Gaming Distributive Fund, 21.11% into the General Revenue Fund, and 1.11% into the State Gaming Fund. The bill also specifies that the current tax provisions will be inoperative on July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.