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of an organization licensee under the Illinois Horse Racing Act of 1975 and (ii) of an organization gaming licensee under the Illinois Gambling Act. The amount of the surcharge is equal to the amount of federal income tax liability for the taxable year attributable to those sales and exchanges. The surcharge imposed shall not apply if: (1) the organization gaming license, organization license, or racetrack property is transferred as a result of any of the following: (A) bankruptcy, a receivership, or a debt adjustment initiated by or against the initial licensee or the substantial owners of the initial licensee; (B) cancellation, revocation, or termination of any such license by the Illinois Gaming Board or the Illinois Racing Board; (C) a determination by the Illinois Gaming Board that transfer of the license is in the best interests of Illinois gaming; (D) the death of an owner of the equity interest in a licensee; (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 SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468