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(E) the acquisition of a controlling interest in the stock or substantially all of the assets of a publicly traded company; (F) a transfer by a parent company to a wholly owned subsidiary; or (G) the transfer or sale to or by one person to another person where both persons were initial owners of the license when the license was issued; or (2) the controlling interest in the organization gaming license, organization license, or racetrack property is transferred in a transaction to lineal descendants in which no gain or loss is recognized or as a result of a transaction in accordance with Section 351 of the Internal Revenue Code in which no gain or loss is recognized; or (3) live horse racing was not conducted in 2010 at a racetrack located within 3 miles of the Mississippi River under a license issued pursuant to the Illinois Horse Racing Act of 1975. The transfer of an organization gaming license, organization license, or racetrack property by a person other than the initial licensee to receive the organization gaming license is not subject to a surcharge. The Department shall adopt rules necessary to implement and administer this subsection. (c) Personal Property Tax Replacement Income Tax. SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468