AN ACT CONCERNING SIMULCASTING FACILITIES.

OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 ¯ (860) 240-0200

http: //www.cga.ct.gov/ofa

HB-5545

AN ACT CONCERNING SIMULCASTING FACILITIES.

AMENDMENT

LCO No.: 5537

File Copy No.: 563

House Calendar No.: 375

Agency Affected	Fund-Effect	FY 07 $	FY 08 $
Department of Revenue Services	GF - Eliminates Revenue Gain in Bill	94, 000	125, 000
Spec. Revenue, Div. of	Various - Revenue Gain	125, 000	125, 000

Municipalities	Effect	FY 07 $	FY 08 $
Various Municipalities	Revenue Gain	25, 000	None

Explanation

The amendment: (1) changes the effective date of the underlying bill from October 1, 2006 to upon passage, and (2) requires the Division of Special Revenue (DSR) to deposit the revenue gain associated with expanding the number of facilities authorized under existing law to provide live audio and television coverage of OTB racing programs and jai alai games to the chronic gamblers treatment and rehabilitation account. This will preclude a revenue gain to the General Fund and result in a revenue gain to the Chronic Gamblers Account of approximately $125, 000 per year beginning in FY 07.

The amendment is also anticipated to result in a revenue gain of $25, 000 in FY 07 to certain municipalities that have off-track betting facilities. The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either House thereof for any purpose.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either House thereof for any purpose.