Bill Text: NY A00364 | 2021-2022 | General Assembly | Introduced
Bill Title: Authorizes a deduction of a marketing allowance equal to an amount up to eight percent of gross gaming revenue from slot machines for gaming facilities in region two.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - referred to racing and wagering [A00364 Detail]
Download: New_York-2021-A00364-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 364 2021-2022 Regular Sessions IN ASSEMBLY (Prefiled) January 6, 2021 ___________ Introduced by M. of A. STECK -- read once and referred to the Committee on Racing and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to authorizing a deduction of a marketing allowance for certain gaming facilities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 2 of section 1351 of the racing, pari-mutuel 2 wagering and breeding law is amended by adding a new paragraph (e) to 3 read as follows: 4 (e) A gaming facility in region two may deduct from the tax imposed 5 pursuant to subdivision one of this section a marketing allowance equal 6 to an amount up to eight percent of gross gaming revenue from slot 7 machines; provided, however, the amount of such marketing allowance 8 deducted by such facility shall not decrease the amount payable by such 9 gaming facility in any fiscal year below the amount payable by such 10 gaming facility in the fiscal year ending March thirty-first, two thou- 11 sand twenty-one. 12 § 2. This act shall take effect on the ninetieth day after it shall 13 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04252-01-1
