Bill Text: NY A02678 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Permits a potential lottery winner who lost their ticket to claim the winning amount provided that such person shows the lottery agency documentary proof of purchase of the winning ticket within one year of the winning date.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-12 - print number 2678a [A02678 Detail]

Download: New_York-2023-A02678-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2678

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 26, 2023
                                       ___________

        Introduced  by M. of A. HYNDMAN -- read once and referred to the Commit-
          tee on Racing and Wagering

        AN ACT to amend the tax law,  in  relation  to  permitting  a  potential
          lottery winner who lost their ticket to claim the winning amount

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The section heading of section 1614  of  the  tax  law,  as
     2  amended  by  chapter  166  of  the  laws  of 1991, is amended to read as
     3  follows:
     4    Unclaimed and abandoned prize money; lost lottery ticket claims.
     5    § 2. The opening paragraph of subdivision a of section 1614 of the tax
     6  law, as amended by section 3 of subpart D of part DD of  chapter  59  of
     7  the laws of 2019, is amended and a new subdivision c is added to read as
     8  follows:
     9    No prize claim shall be valid if submitted to the commission following
    10  the expiration of a one-year time period from the date of the drawing or
    11  from  the  close  of  the  game in which a prize was won, and the person
    12  otherwise entitled to such prize shall forfeit any claim or  entitlement
    13  to  such  prize moneys, unless such prize claim is submitted pursuant to
    14  subdivision c of this section.   Unclaimed prize  money,  plus  interest
    15  earned  thereon,  shall  be  retained in the lottery prize account to be
    16  used for payment of special lotto or supplemental lotto  prizes  offered
    17  pursuant  to  the plan or plans specified in this article, or for promo-
    18  tional purposes to supplement other games on an occasional basis not  to
    19  exceed sixteen weeks within any twelve month period pursuant to the plan
    20  or plans specified in this article.
    21    c.  Notwithstanding subdivision a of this section, a prize claim for a
    22  person who lost his or her ticket shall be valid  if  submitted  to  the
    23  commission  with  documentary  proof  of purchase of such winning ticket
    24  within five years from the date of the drawing or from the close of  the
    25  game in which a prize was won. Upon a showing of such proof, the commis-
    26  sion shall promptly make payment of the prize claim to such person.
    27    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07014-01-3