Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 14, 2024 |
reported and committed to finance |
May 07, 2024 |
referred to racing, gaming and wagering |
Senate Bill S9236
2023-2024 Legislative Session
Sponsored By
(D) 36th Senate District
Current Bill Status - In Senate Committee Finance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) 15th Senate District
2023-S9236 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10211
- Current Committee:
- Senate Finance
- Law Section:
- Racing, Pari-Mutuel Wagering and Breeding Law
- Laws Affected:
- Amd §1367, RWB L
2023-S9236 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9236 SPONSOR: BAILEY TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law,in relation to authorizing one percent of mobile sports tax revenue be used for problem gambling, one percent for youth sports and education fund- ing, and one percent for youth team sports funding PURPOSE: This bill authorizes the usage of the tax revenue collected by online mobile sports betting for programs in education, gambling addiction, and youth sports statewide. SUMMARY OF PROVISIONS: Section 1: Subdivision 8 of section 1367 of the racing, pari-mutuel wagering and breeding law, as added by section 3 of part Y of chapter 59 of the laws of 2021 is amended:
2023-S9236 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9236 I N S E N A T E May 7, 2024 ___________ Introduced by Sens. BAILEY, ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law,in relation to authorizing one percent of mobile sports tax revenue be used for problem gambling, one percent for youth sports and education funding, and one percent for youth team sports funding THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 8 of section 1367 of the racing, pari-mutuel wagering and breeding law, as added by section 3 of part Y of chapter 59 of the laws of 2021, is amended to read as follows: 8. (A) Notwithstanding section thirteen hundred fifty-one of this article, mobile sports wagering gross gaming revenue and tax revenue shall be excluded from sports wagering gross gaming revenue and tax revenue. Mobile sports wagering tax revenue shall be separately main- tained and returned to the state for deposit into the state lottery fund for education aid except as otherwise provided in this subdivision. Any interest and penalties imposed by the commission relating to those taxes, all penalties levied and collected by the commission, and the appropriate funds, cash or prizes forfeited from sports wagering shall be deposited into the state lottery fund for education. (B) In the first fiscal year in which mobile sports wagering licensees commence operations and accept mobile sports wagers pursuant to this section, the commission shall pay into the commercial gaming fund one percent of the state tax imposed on mobile sports wagering by this section to be distributed for problem gambling education and treatment purposes pursuant to paragraph a of subdivision four of section ninety- seven-nnnn of the state finance law; provided however, that such amount shall be equal to ONE PERCENT OF MOBILE SPORTS TAX REVENUE AND NO LESS THAN six million dollars for each fiscal year thereafter. (C) In the first fiscal year in which mobile sports wagering licensees commence operations and accept mobile sports wagers pursuant to this section, the commission shall pay one percent of the state tax imposed EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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