Posted: | April 20, 2017 11:15 AM |
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From: | Representative Marguerite Quinn |
To: | All House members |
Subject: | Gaming License Fee Payment and Repayment of loans |
In the near future I plan to introduce legislation amending Title 4 (Amusements) as it relates to the issuance of gaming licenses, fee payments for gaming licenses and the repayment of loans owed by the licensees from the original gaming act in 2004. Currently the gaming law provides no due dates for the payment of the license fees for slots licenses or gaming licenses. My legislation would require that the slots machine license fee be paid no later than 10 days after the issuance of the license and the table games operation certificate fee also be paid no later than 10 days after the award of the certificate. This will ensure the timely receipt of license fees from the remaining available licenses. Additionally, my legislation provides that the holder of a Category 1 or Category 2 slot machine license issued after June 30, 2017 that submits a petition for a table game operation certificate within 90 days of the issuance of the slot machine license shall pay a one-time fee of $16.5 million. If the petition for a table game operation certificate is submitted after 90 days the fee shall be $24.75 million. Similarly, the holder of a Category 3 slot machine license issued after June 30, 2017 that submits a petition for a table game operation certificate within 90 days of the issuance of the slot machine license shall pay a one-time fee of $7.5 million. If the petition for a table game operation certificate is submitted after 90 days the fee shall be $11.25 million. Finally, Act 71 of 2004 provided a loan of $36.1 million to fund the oversight of gaming operations at the Gaming Control Board, the Department of Revenue, and the PA State Police which was to be paid back by the gaming licensees when all slot machine licenses have been issued and have commenced operation. This legislation provides for the immediate repayment of the $36.1 million by requiring the Gaming Control Board to establish a schedule of repayment no later than September 30, 2017, with repayments of the loans beginning no later than January 1, 2018. I would appreciate your cosponsorship of this initiative. |
Introduced as HB1281