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Senate Bill S3286

2009-2010 Legislative Session

Relates to rebates and free passes, cards, or badges to racetracks

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Archive: Last Bill Status - In Senate Committee Finance Committee

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Bill Amendments

2009-S3286 - Details

Current Committee:
Senate Finance
Versions Introduced in Other Legislative Sessions:
2011-2012: S3563
2013-2014: S4011

2009-S3286 - Summary

Relates to rebates and free passes, cards, or badges to racetracks.

2009-S3286 - Sponsor Memo

2009-S3286 - Bill Text download pdf

                            

              

2009-S3286A (ACTIVE) - Details

Current Committee:
Senate Finance
Versions Introduced in Other Legislative Sessions:
2011-2012: S3563
2013-2014: S4011

2009-S3286A (ACTIVE) - Summary

Relates to rebates and free passes, cards, or badges to racetracks.

2009-S3286A (ACTIVE) - Sponsor Memo

2009-S3286A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3286--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             March 13, 2009
                               ___________

Introduced  by  Sen.  ADAMS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Racing, Gaming and  Wager-
  ing  --  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,  in
  relation to rebates and free passes

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The  racing,  pari-mutuel  wagering  and  breeding  law  is
amended by adding a new section 112 to read as follows:
  S  112.  REBATES.  1. FOR THE PURPOSES OF THIS SECTION, "REBATE" SHALL
MEAN A PORTION OF PARI-MUTUEL WAGERS, OTHERWISE PAYABLE  TO  AN  ASSOCI-
ATION OR CORPORATION CONDUCTING PARI-MUTUEL BETTING AT A RACE MEETING ON
RACES  RUN  THEREAT,  WHICH  IS  PAID TO HOLDERS OF PARI-MUTUEL WAGERING
TICKETS AND WHICH REDUCES THE AMOUNT OTHERWISE PAYABLE TO  SUCH  ASSOCI-
ATION  OR  CORPORATION.  REBATES  SHALL  INCLUDE, BUT NOT BE LIMITED TO,
REFUNDS TO HOLDERS OF PARI-MUTUEL WAGERING TICKETS  ON  ANY  PORTION  OR
PERCENTAGE OF THE FULL FACE VALUE OF A PARI-MUTUEL WAGER, INCREASING THE
PAYOFF  OF  OR PAYING A BONUS ON A WINNING PARI-MUTUEL TICKET, AWARDS OF
MERCHANDISE, SERVICES SUCH AS MEALS,  PARKING,  ADMISSION,  SEATING  AND
PROGRAMS, FREE OR REDUCED COST PARI-MUTUEL WAGERS, AND MONETARY AWARDS.
  2.  THE  RACING AND WAGERING BOARD, UPON APPLICATION OF AN ASSOCIATION
OR CORPORATION CONDUCTING PARI-MUTUEL BETTING AT A RACE MEETING ON RACES
RUN THEREAT, MAY ANNUALLY APPROVE THE PAYMENT OF REBATES BY SUCH ASSOCI-
ATION OR CORPORATION, SUBJECT TO THE FOLLOWING REQUIREMENTS:
  A. THE APPLICANT FULLY DISCLOSES THE EXTENT  OF  THE  REBATE  PROGRAM.
FULL  DISCLOSURE  SHALL  INCLUDE THE DISCLOSURE OF THE MONETARY VALUE OF
ALL REBATES PAID TO BETTORS DURING THE PREVIOUS CALENDAR YEAR,  AND  THE
TERMS  AND  CONDITIONS GOVERNING THE AWARD OF REBATES TO BETTORS FOR THE
CALENDAR YEAR TO WHICH THE APPLICATION APPLIES;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05302-04-9

              

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