Bill Text: NY A07851 | 2015-2016 | General Assembly | Amended

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Bill Title: Amends provisions relating to disposition of revenues from video lottery gaming and vendor's capital awards, and payments from simulcasting of out-of-state thoroughbred races.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-02-23 - print number 7851a [A07851 Detail]

Download: New_York-2015-A07851-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         7851--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                      May 28, 2015
                                       ___________
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Racing and Wagering -- recommitted to the Committee  on  Racing
          and  Wagering  in accordance with Assembly Rule 3, sec. 2 -- committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law  and
          the  tax  law, in relation to certain fiscal requirements imposed with
          respect to conducting horse races at raceways and racetracks
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1.  Subclauses (i) and (ii) of clause (E) of subparagraph 5 of
     2  paragraph  b of subdivision 1 of section 1016 of the racing, pari-mutuel
     3  wagering and breeding law, as amended by chapter 18 of the laws of 2008,
     4  are amended to read as follows:
     5    (i) Such licensed regional harness track shall receive in lieu of  any
     6  other  payments on wagers placed at off-track betting facilities outside
     7  the special betting district on races conducted by an in-state thorough-
     8  bred racing corporation, two and eight-tenths  percent  on  regular  and
     9  multiple  bets  made prior to January first, two thousand seventeen, two
    10  and one-tenths percent on such bets made on and after January first, two
    11  thousand seventeen and ending December thirty-first, two thousand seven-
    12  teen, and one and four-tenths percent on such bets  made  on  and  after
    13  January  first,  two thousand eighteen during a regional meeting and one
    14  and nine-tenths percent of such bets made prior to  January  first,  two
    15  thousand seventeen, one and four hundred twenty-five thousandths percent
    16  on such bets made on and after January first, two thousand seventeen and
    17  ending  December  thirty-first,  two thousand seventeen, and four-tenths
    18  percent on such bets made on and after January first, two thousand eigh-
    19  teen if there is no regional meeting and four and  eight-tenths  percent
    20  on  exotic  bets  made  prior  to January first, two thousand seventeen,
    21  three and six-tenths percent on such bets  made  on  and  after  January
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11233-04-6