RACE TRACK-ELECTRONIC GAMING

Amends the Illinois Income Tax Act to impose a surcharge on all taxpayers on income arising from the sale or exchange of capital assets, depreciable business property, real property used in the trade or business, and certain intangibles (i) of an organization licensee under the Illinois Horse Racing Act of 1975 and (ii) of an electronic gaming licensee under the Riverboat Gambling Act. Amends the Illinois Horse Racing Act of 1975 and the Riverboat Gambling Act. Authorizes the conduct of electronic gaming by an organization licensee under the Illinois Horse Racing Act of 1975 at a race track. Provides for administration and enforcement of electronic gaming by the Illinois Gaming Board. Provides that on or after January 1, 2013, the limitations on the number of total gambling participants for various licensees under the Riverboat Gambling Act no longer apply and a licensee under the Act may purchase additional gaming positions subject to certain fees and conditions. Pre-empts home rule with regard to the regulation and licensing of electronic gaming and electronic gaming licensees. Makes other changes. Amends other Acts to make conforming changes. Effective immediately.