Bill Text: NY A07240 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to vendor fees at vendor tracks.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to ways and means [A07240 Detail]
Download: New_York-2017-A07240-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7240 2017-2018 Regular Sessions IN ASSEMBLY April 12, 2017 ___________ Introduced by M. of A. GUNTHER -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to vendor fees at vendor tracks The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Clause (F) of subparagraph (ii) of paragraph 1 of subdivi- 2 sion b of section 1612 of the tax law, as amended by section 1 of part 3 EE of chapter 60 of the laws of 2016, is amended to read as follows: 4 (F) notwithstanding clauses (A), (B), (C), (D) and (E) of this subpar- 5 agraph, when a vendor track, is located in Sullivan county and within 6 sixty miles from any gaming facility in a contiguous state such vendor 7 fee shall, for a period of [nine] ten years commencing April first, two 8 thousand eight, be at a rate of forty-one percent of the total revenue 9 wagered at the vendor track after payout for prizes pursuant to this 10 chapter, after which time such rate shall be as for all tracks in clause 11 (C) of this subparagraph. 12 § 2. This act shall take effect immediately and shall be deemed to 13 have been in full force and effect on and after April 1, 2017. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10919-01-7
