Bill Text: NY A03871 | 2015-2016 | General Assembly | Introduced
Bill Title: Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-11-10 - enacting clause stricken [A03871 Detail]
Download: New_York-2015-A03871-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
3871
2015-2016 Regular Sessions
I N A S S E M B L Y
January 27, 2015
___________
Introduced by M. of A. GOLDFEDER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to the disposition of certain
revenue from the video lottery gaming facility at Aqueduct racetrack
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraph 3 of subdivision f of section 1612 of the tax
2 law, as amended by chapter 174 of the laws of 2013, is amended to read
3 as follows:
4 3. Four percent of the total revenue wagered after payout of prizes to
5 be deposited into an account of the franchised corporation established
6 pursuant to section two hundred six of the racing, pari-mutuel wagering
7 and breeding law to be used for capital expenditures in maintaining and
8 upgrading Aqueduct racetrack[, Belmont Park racetrack and Saratoga race
9 course].
10 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06392-01-5
