Senate Amendment 3068


PAG LIN




     1  1    Amend Senate File 327 as follows:
     1  2 #1.  Page 1, by striking lines 4 through 6 and
     1  3 inserting the following:  <the commission.  However,
     1  4 for racetrack enclosures, "gambling game" does not
     1  5 include table games of chance or video machines.
     1  6 "Gambling game" does not include sports betting.>
     1  7 #2.  Page 4, by striking lines 7 through 12 and
     1  8 inserting the following:  <receipts over three million
     1  9 dollars.  However, beginning January 1, 1997 2003, the
     1 10 rate on any amount of adjusted gross receipts over
     1 11 three million dollars from gambling games at racetrack
     1 12 enclosures is twenty=two twenty=eight percent and
     1 13 shall increase by two percent each succeeding calendar
     1 14 year until the rate is thirty=six percent.  The taxes
     1 15 imposed by this section shall>.
     1 16 #3.  Page 4, by inserting after line 15 the
     1 17 following:
     1 18    <Sec.    .  EFFECTIVE DATE == RETROACTIVE
     1 19 APPLICABILITY.  The section of this Act amending
     1 20 section 99F.11, being deemed of immediate importance,
     1 21 takes effect upon enactment and is retroactively
     1 22 applicable to January 1, 2003, and is applicable on
     1 23 and after that date.>
     1 24 #4.  Title page, line 6, by inserting after the
     1 25 word <games> the following:  <, and including
     1 26 effective and retroactive applicability provisions>.
     1 27 #5.  By renumbering as necessary.
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     1 30                               
     1 31 JEFF LAMBERTI
     1 32 SF 327.701 80
     1 33 ec/cl
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