H0065B2552A09809     LKK:DM  04/03/12     #90        A09809

AMENDMENTS TO HOUSE BILL NO. 65

Sponsor: REPRESENTATIVE YOUNGBLOOD

Printer's No. 2552

Amend Bill, page 1, line 4, by striking out "and" and

inserting a comma

Amend Bill, page 1, line 4, by inserting after "licenses"

 and for table game taxes

Amend Bill, page 9, by inserting between lines 22 and 23

Section 3.  Section 13A62(a)(1) and (3) of Title 4 are

amended and subsection (b) is amended by adding a paragraph to

read:

§ 13A62.  Table game taxes.

(a)  Imposition.--

(1)  Except as provided in paragraphs (2) and (3), each

certificate holder shall report to the department and pay

from its daily gross table game revenue, on a form and in the

manner prescribed by the department, a tax of [12%] 14% of

its daily gross table game revenue.

* * *

[(3)  The tax reported and payable under paragraph (1) by

each certificate holder shall be 14% of daily gross table

game revenue for a period of two years following commencement

of table games operations at its licensed facility.]

(b)  Deposits and distributions.-–

* * *

(4)  Beginning with fiscal year 2012-2013, the department

shall make an annual distribution of 2% of each certificate

holder's daily gross table game revenue to the Property Tax

Relief Fund.

Amend Bill, page 9, line 23, by striking out "3" and

inserting

 4