HORSE RACING-TAXES

Amends the Illinois Horse Racing Act of 1975. Deletes the pari-mutuel tax and reimposes the privilege tax in substantially the same form as it existed before the enactment of Public Act 91-40. Deletes provisions creating the pari-mutuel tax credit that were enacted pursuant to Public Act 91-40. Restores provisions paying moneys from uncashed tickets to the Veterans' Rehabilitation Fund that were deleted by Public Act 91-40. Deletes provisions enacted by Public Act 91-40 that authorize organization licensees to retain breakage moneys. Amends the State Finance Act to make corresponding changes. Increases certain fees. Authorizes the sale of lottery tickets, subject to the Illinois Lottery Law, at an organization licensee's race track and inter-track wagering locations. Authorizes the conduct of raffles, subject to the Raffles Act and the conduct of charitable games, subject to the Charitable Games Act, at an organization licensee's race track and inter-track wagering locations. Repeals Sections concerning the pari-mutuel tax credit and the Horse Racing Equity Fund. Amends the Riverboat Gambling Act to make corresponding changes. Makes other changes. Effective July 1, 2004.