Amends the Illinois Horse Racing Act of 1975. Removes provision stating that no organization licensee conducting its race meeting in a county bordering the Mississippi River and having a population greater than 230,000 may be a host track for its race meeting. Makes changes in provisions regarding organizations that may not conduct a horse race meeting, the standardbred racetrack in Cook County, the application for an organization license, and wagering. Adds provisions concerning the standardbred racetrack in Macon County. Effective immediately.
Senate Committee Amendment No. 1: Replaces everything after the enacting clause with the provisions of the introduced bill, and makes the following changes: Amends the Illinois Tax Income Act. Provides that, for taxable years ending on or after December 31, 2025 and ending on or before December 31, 2030, each taxpayer that is an organization gaming licensee under the Illinois Horse Racing Act of 1975 is entitled to a credit against certain imposed taxes in an amount up to $5,000,000 for qualified project capital infrastructure improvements for housing and other facilities that benefit backstretch workers at an organization gaming licensee facility operating May 1, 2025. In the Illinois Horse Racing Act of 1975, removes the changes made to the definition of "host track". Effective immediately.

Statutes affected:
Introduced: 230 ILCS 5/3, 230 ILCS 5/19, 230 ILCS 5/20, 230 ILCS 5/26