Bill Text: NY A06332 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to extending the disposition of off-track pools state tax to Saratoga county.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-05-28 - substituted by s4370 [A06332 Detail]

Download: New_York-2015-A06332-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6332
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 20, 2015
                                      ___________
       Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
         tee on Racing and Wagering
       AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
         relation  to extending the disposition of off-track pools state tax to
         Saratoga county
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  opening paragraph of subdivision 1 of section 527 of
    2  the racing, pari-mutuel wagering and breeding law, as amended by chapter
    3  18 of the laws of 2008, is amended to read as follows:
    4    The disposition of the retained commission from pools  resulting  from
    5  regular,  multiple or exotic bets, as the case may be, whether placed on
    6  races run within a region or  outside  a  region,  conducted  by  racing
    7  corporations, harness racing associations or corporations, quarter horse
    8  racing associations or corporations or races run outside the state shall
    9  be governed by the tables in paragraphs a and b of this subdivision. The
   10  rate  denominated  "state  tax" shall represent the rate of a reasonable
   11  tax imposed upon the retained commission for the privilege of conducting
   12  off-track pari-mutuel betting, which tax is hereby levied and  shall  be
   13  payable  in the manner set forth in this section. Each off-track betting
   14  corporation shall pay to the racing and wagering board as  a  regulatory
   15  fee,  which fee is hereby levied, fifty hundredths of one percent of the
   16  total daily pools of such corporation. Each corporation shall  also  pay
   17  twenty  per  centum of the breaks derived from bets on harness races and
   18  fifty per centum of the breaks derived from bets on all other  races  to
   19  the  agriculture  and New York State horse breeding and development fund
   20  and to the thoroughbred breeding and development fund, the total of such
   21  payments to be apportioned fifty per centum to each such fund.  For  the
   22  purposes  of  this  section, the New York city, Suffolk, Nassau, and the
   23  Catskill regions shall constitute a single region and  any  thoroughbred
   24  track  located  within the Capital District region shall be deemed to be
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09551-02-5
       A. 6332                             2
    1  within such single region. A "regional meeting" shall  refer  to  either
    2  harness  or  thoroughbred  meetings,  or  both, except that a franchised
    3  corporation shall not be a regional track for the purpose  of  receiving
    4  distributions  from  bets on thoroughbred races conducted by a thorough-
    5  bred track in the Catskill region conducting a mixed meeting.  With  the
    6  exception  of a harness racing association or corporation first licensed
    7  to conduct pari-mutuel wagering at a track located in Tioga OR  SARATOGA
    8  county after January first, two thousand five, racing corporations first
    9  licensed  to  conduct  pari-mutuel  racing after January first, nineteen
   10  hundred eighty-six or a harness racing association or corporation  first
   11  licensed  to  conduct pari-mutuel wagering at a track located in Genesee
   12  County after January first, two thousand five, and quarter horse  tracks
   13  shall  not be "regional tracks"; if there is more than one harness track
   14  within a region, such tracks shall evenly divide payments made  pursuant
   15  to  the  tables  in  paragraphs a and b of this subdivision when neither
   16  track is running. In the event a track elects  to  reduce  its  retained
   17  percentage from any or all of its pari-mutuel pools, the payments to the
   18  track  holding  the race and the regional track required by paragraphs a
   19  and b of this  subdivision  shall  be  reduced  in  proportion  to  such
   20  reduction.  Nothing  in this section shall be construed to authorize the
   21  conduct of off-track betting contrary to the provisions of section  five
   22  hundred twenty-three of this article.
   23    S 2. This act shall take effect immediately.