(a) Notwithstanding any other law to the contrary, a tax is imposed at the rate of
35% of net terminal income received from video gaming under this Act, which shall
be remitted to the Board and deposited into the State Fairgrounds Capital Improvements
and Harness Racing Fund.
(b) There is created within the State treasury the State Fairgrounds Capital Improvements
and Harness Racing Fund. The Department of Agriculture shall use moneys in the State Fairgrounds Capital
Improvements and Harness Racing Fund as follows and in the order of priority:
(1) to provide support for a harness race meeting produced by an organization licensee
under the Illinois Horse Racing Act of 1975 and which shall consist of up to 30 days
of live racing per year at the Illinois State Fairgrounds in Springfield;
(2) to repair and rehabilitate fairgrounds' backstretch facilities to such a level
as determined by the Department of Agriculture to be required to carry out a program
of live harness racing; and
(3) for the overall repair and rehabilitation of the capital infrastructure of: (i)
the Illinois State Fairgrounds in Springfield, and (ii) the DuQuoin State Fairgrounds
in DuQuoin, and for no other purpose.
Notwithstanding any other law to the contrary, the entire State share of tax revenues
from the race meetings under paragraph (1) of this subsection (c) shall be reinvested
into the State Fairgrounds Capital Improvements and Harness Racing Fund.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.