Bill Text: NY A03948 | 2021-2022 | General Assembly | Introduced

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Bill Title: Provides for the calculation of vendor fees for the operation of video lottery gaming at certain race tracks; removes language limiting amounts over 2013 levels.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A03948 Detail]

Download: New_York-2021-A03948-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3948

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 29, 2021
                                       ___________

        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT to amend the tax law, in relation to the  disposition  of  vender
          fees for the operation of video lottery gaming at certain race tracks

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

     1    Section 1. Subdivision f-1 of section 1612 of the tax law, as  amended
     2  by chapter 175 of the laws of 2013, is amended to read as follows:
     3    f-1.  As  consideration for operation of video lottery gaming facility
     4  located in the county of Nassau or Suffolk and operated by a corporation
     5  established pursuant to section five hundred two of the racing, pari-mu-
     6  tuel wagering and breeding law, the division shall cause the  investment
     7  in the racing industry of the following percentages of the vendor fee to
     8  be deposited or paid as follows:
     9    1.  Two  and three tenths percent of the total wagered after payout of
    10  prizes for the  purpose  of  enhancing  purses  at  Aqueduct  racetrack,
    11  Belmont  Park  racetrack  and  Saratoga race course[, provided, however,
    12  that any amount that is in excess of the amount  necessary  to  maintain
    13  purse  support  from video lottery gaming at Aqueduct racetrack, Belmont
    14  Park racetrack and Saratoga race course at the same  level  realized  in
    15  two  thousand  thirteen,  to be adjusted by the consumer price index for
    16  all urban consumers, as published annually by the United States  depart-
    17  ment  of labor, bureau of labor statistics, shall instead be returned to
    18  the commission].
    19    2. [five] Five tenths percent of the total  wagered  after  payout  of
    20  prizes  for  the  appropriate  breeding fund for the manner of racing at
    21  Aqueduct racetrack, Belmont Park racetrack and  Saratoga  race  course[,
    22  provided,  however,  that  any  amount  that  is in excess of the amount
    23  necessary to maintain payments from video  lottery  gaming  at  Aqueduct
    24  racetrack  at  the  same  level realized in two thousand thirteen, to be
    25  adjusted by the  consumer  price  index  for  all  urban  consumers,  as

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08883-01-1
        A. 3948                             2

     1  published  annually  by the United States department of labor, bureau of
     2  labor statistics, shall instead be returned to the commission].
     3    3.  [one]  One  and  three tenths percent of the total revenue wagered
     4  after payout of prizes to be deposited into an account of the franchised
     5  corporation established pursuant to  section  two  hundred  six  of  the
     6  racing,  pari-mutuel  wagering  and  breeding law to be used for capital
     7  expenditures in maintaining and upgrading  Aqueduct  racetrack,  Belmont
     8  Park  racetrack  and  Saratoga race course[, provided, however, that any
     9  amount that is in excess of the amount necessary  to  maintain  payments
    10  for capital expenditures from video lottery gaming at Aqueduct racetrack
    11  at  the  same level realized in two thousand thirteen, to be adjusted by
    12  the consumer price index for all urban consumers, as published  annually
    13  by  the  United  States department of labor, bureau of labor statistics,
    14  shall instead be returned to the commission].
    15    4. Nine tenths percent of the total revenue wagered after  payout  for
    16  prizes  to  be  deposited  into an account of the franchised corporation
    17  established pursuant to section two hundred six of the racing,  pari-mu-
    18  tuel  wagering  and  breeding  law  to  be used for general thoroughbred
    19  racing operations at Aqueduct  racetrack,  Belmont  Park  racetrack  and
    20  Saratoga  race  course[,  provided,  however, that any amount that is in
    21  excess  of  the  amount  necessary  to  maintain  payments  for  general
    22  thoroughbred  racing  operations  from  video lottery gaming at Aqueduct
    23  racetrack at the same level realized in two  thousand  thirteen,  to  be
    24  adjusted  by  the  consumer  price  index  for  all  urban consumers, as
    25  published annually by the United States department of labor,  bureau  of
    26  labor statistics, shall instead be returned to the commission].
    27    § 2. This act shall take effect immediately.