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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY BOSCOLA, KASUNIC, FONTANA, MENSCH, SOLOBAY, BREWSTER, RAFFERTY, GREENLEAF AND YUDICHAK, JANUARY 20, 2011 |
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| REFERRED TO COMMUNITY, ECONOMIC AND RECREATIONAL DEVELOPMENT, JANUARY 20, 2011 |
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| AN ACT |
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1 | Amending Title 4 (Amusements) of the Pennsylvania Consolidated |
2 | Statutes, further providing for table game taxes. |
3 | The General Assembly of the Commonwealth of Pennsylvania |
4 | hereby enacts as follows: |
5 | Section 1. Section 13A62(b) and (c) of Title 4 of the |
6 | Pennsylvania Consolidated Statutes are amended to read: |
7 | § 13A62. Table game taxes. |
8 | * * * |
9 | (b) Deposits and distributions.-– |
10 | (1) The tax imposed under subsection (a) shall be |
11 | payable to the department on a weekly basis and shall be |
12 | based upon gross table game revenue derived during the |
13 | previous week. |
14 | (2) All funds owed to the Commonwealth under this |
15 | section shall be held in trust for the Commonwealth by the |
16 | certificate holder until the funds are paid to the |
17 | department. Unless otherwise agreed to by the board, a |
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1 | certificate holder shall establish a separate bank account |
2 | into which gross table game revenue shall be deposited and |
3 | maintained until such time as the funds are paid to the |
4 | department under this section or paid into the fund under |
5 | section 13A63(a) (relating to local share assessment). |
6 | (3) The tax imposed under subsection (a) shall be |
7 | deposited into the [General Fund] Property Tax Relief Fund. |
8 | [(c) Deposits for property tax relief.--If, on the last day |
9 | of a fiscal year the balance of the Budget Stabilization Reserve |
10 | Fund established pursuant to section 1701-A of the act of April |
11 | 9, 1929 (P.L.343, No.176), known as The Fiscal Code, exceeds |
12 | $750,000,000, as certified by the Secretary of the Budget, the |
13 | deposits made into the General Fund pursuant to subsection (b) |
14 | (3) shall cease and thereafter be deposited into the Property |
15 | Tax Relief Fund established pursuant to section 1409 (relating |
16 | to Property Tax Relief Fund).] |
17 | Section 2. This act shall take effect in 60 days. |
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