Bill Text: NY A04468 | 2021-2022 | General Assembly | Introduced

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Bill Title: Relates to operational expenses of certain gaming facilities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A04468 Detail]

Download: New_York-2021-A04468-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4468

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 4, 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  operational  expenses  of
          certain  gaming  facilities;  and to amend part I of chapter 61 of the
          laws of 2017 amending the tax law relating to operational expenses  of
          certain  gaming facilities, in relation to extending the provisions of
          such part

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

     1    Section 1. Subparagraph (i) of paragraph 1 of subdivision b of section
     2  1612  of the tax law, as amended by section 1 of part R of chapter 39 of
     3  the laws of 2019, is amended to read as follows:
     4    (i) less ten percent of the total revenue  wagered  after  payout  for
     5  prizes to be retained by the division for operation, administration, and
     6  procurement  purposes,  provided, however, a vendor track located within
     7  Oneida county, within fifteen miles  of  a  Native  American  class  III
     8  gaming  facility,  that  has maintained at least ninety percent of full-
     9  time equivalent employees as they employed  in  the  year  two  thousand
    10  sixteen,  may, for each quarter this subparagraph is effective, withhold
    11  up to seventy-five  percent  of  such  funds  for  operational  expenses
    12  provided  such  vendor  track  has  filed an affirmation with the gaming
    13  commission certifying that this additional amount is necessary to  raise
    14  revenues  to the same level as expenses during the previous quarter, and
    15  provided further, however, that the maximum vendor fee for  such  vendor
    16  track  shall  not  exceed the vendor fee that such vendor track received
    17  during state fiscal year two thousand fourteen--two thousand fifteen  as
    18  such  fee  is adjusted for horsemen's share, marketing expenses, capital
    19  awards and administrative fees;
    20    § 2. Section 3 of part I of chapter 61 of the laws  of  2017  amending
    21  the  tax  law relating to operational expenses of certain gaming facili-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08902-01-1
        A. 4468                             2

     1  ties, as amended by chapter 68 of the laws of 2019, is amended  to  read
     2  as follows:
     3    §  3.  This  act shall take effect immediately and shall expire and be
     4  deemed repealed June 21, [2021] 2023.
     5    § 3. This act shall take effect immediately; provided that the  amend-
     6  ments  to  subparagraph  (i)  of paragraph 1 of subdivision b of section
     7  1612 of the tax law made by section one of this act shall not affect the
     8  expiration of such subparagraph and shall be deemed to expire therewith.