SB 528-2_ Filed 02/18/2013, 10:36 Hume

SENATE MOTION


MADAM PRESIDENT:

    I move
that Senate Bill 528 be amended to read as follows:

SOURCE: Page 18, line 21; (13)MO052806.18. -->     Page 18, line 21, delete "1.5(j)" and insert " 1.5(l)".
    Page 19, line 2, after "year." insert " However, this subsection does not apply to a riverboat in a historic hotel district.".
    Page 19, line 35, after "year." insert " However, this subsection does not apply to a riverboat in a historic hotel district.".
    Page 20, between lines 23 and 24, begin a new paragraph and insert:
    " (d) This subsection applies only to a riverboat in a historic hotel district that received at least seventy-five million dollars ($75,000,000) of adjusted gross receipts during the preceding state fiscal year. A graduated tax is imposed on the adjusted gross receipts received from gambling games authorized under this article as follows:
        (1) Twelve and fifteen hundredths percent (12.15%) of the first twenty-five million dollars ($25,000,000) of adjusted gross receipts received during the period beginning July 1 of each year and ending June 30 of the following year.
        (2) Sixteen and twenty hundredths percent (16.20%) of the adjusted gross receipts in excess of twenty-five million dollars ($25,000,000) but not exceeding fifty million dollars ($50,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (3) Twenty and twenty-five hundredths percent (20.25%) of the adjusted gross receipts in excess of fifty million dollars ($50,000,000) but not exceeding seventy-five million dollars ($75,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (4) Twenty-four and thirty hundredths percent (24.30%) of the adjusted gross receipts in excess of seventy-five million dollars ($75,000,000) but not exceeding one hundred fifty million dollars ($150,000,000) received during the period

beginning July 1 of each year and ending June 30 of the following year.
        (5) Twenty-eight and thirty-five hundredths percent (28.35%) of all adjusted gross receipts in excess of one hundred fifty million dollars ($150,000,000) but not exceeding six hundred million dollars ($600,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (6) Thirty-two and forty hundredths percent (32.40%) of all adjusted gross receipts exceeding six hundred million dollars ($600,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.

     (e) This subsection applies only to a riverboat in a historic hotel district that received less than seventy-five million dollars ($75,000,000) of adjusted gross receipts during the preceding state fiscal year. A graduated tax is imposed on the adjusted gross receipts received from gambling games authorized under this article as follows:
        (1) Four and five hundredths percent (4.05%) of the first twenty-five million dollars ($25,000,000) of adjusted gross receipts received during the period beginning July 1 of each year and ending June 30 of the following year.
        (2) Sixteen and twenty hundredths percent (16.20%) of the adjusted gross receipts in excess of twenty-five million dollars ($25,000,000) but not exceeding fifty million dollars ($50,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (3) Twenty and twenty-five hundredths percent (20.25%) of the adjusted gross receipts in excess of fifty million dollars ($50,000,000) but not exceeding seventy-five million dollars ($75,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (4) Twenty-four and thirty hundredths percent (24.30%) of the adjusted gross receipts in excess of seventy-five million dollars ($75,000,000) but not exceeding one hundred fifty million dollars ($150,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (5) Twenty-eight and thirty-five hundredths percent (28.35%) of all adjusted gross receipts in excess of one hundred fifty million dollars ($150,000,000) but not exceeding six hundred million dollars ($600,000,000) received during the period beginning July 1 of each year and ending June 30 of the following year.
        (6) Thirty-two and forty hundredths percent (32.40%) of all adjusted gross receipts exceeding six hundred million dollars ($600,000,000) received during the period beginning July 1 of

each year and ending June 30 of the following year.".
    Page 20, line 24, delete "(d)" and insert " (f)".
    Page 20, line 25, after "(c)" insert " or (e)".
    Page 20, line 31, delete "(e)" and insert " (g)".
    Page 20, line 34, delete "(f)" and insert " (h)".
    Page 20, line 36, delete "(g)" and insert " (i)".
    Page 20, line 40, delete "(h)" and insert " (j)".
    Page 21, line 1, delete "(i)" and insert " (k)".
    Page 21, line 8, delete "(j)" and insert " (l)".
    Page 22, line 17, strike "Thirty-seven and one-half percent (37.5%)" and insert " Forty-six and twenty-nine hundredths percent (46.29%)".
    Page 22, line 19, strike "(2) Nineteen percent (19%) shall be paid to the".
    Page 22, line 24, strike "state general fund.".
    Page 22, line 25, strike "(3) Eight percent (8%)" and insert " (2) Nine and eighty-seven hundredths percent (9.87%)".
    Page 22, line 27, strike "(4) Sixteen percent (16%)" and insert " (3) Nineteen and seventy-five hundredths percent (19.75%)".
    Page 22, line 38, strike "(5) Nine percent (9%)" and insert " (4) Eleven and eleven hundredths percent (11.11%)".
    Page 23, line 26, strike "(6) Five percent (5%)" and insert " (5) Six and eighteen hundredths percent (6.18%)".
    Page 23, line 33, strike "(7) Five percent (5%)" and insert " (6) Six and eighteen hundredths percent (6.18%)".
    Page 23, line 40, strike "(8) Five-tenths percent (0.5)" and insert " (7) Sixty-two hundredths percent (0.62%)".
    (Reference is to SB 528 as printed February 15, 2013.)

________________________________________

Senator HUME


MO052806/DI 73
2013