|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 12, 2012||committee discharged and committed to rules|
|Mar 08, 2012||notice of committee consideration - requested|
|Jan 04, 2012||referred to racing, gaming and wagering|
|Jan 05, 2011||referred to racing, gaming and wagering|
senate Bill S605
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S605 - Details
S605 - Sponsor Memo
BILL NUMBER:S605 TITLE OF BILL: An act to amend the tax law, in relation to payment of winning lottery tickets PURPOSE OR GENERAL IDEA OF BILL: The purpose of the bill is to require New York State lottery sales agents to pay any valid winning lottery ticket valued at six hundred dollars or less within one year from the date of the drawing or from the close of the game. SUMMARY OF SPECIFIC PROVISIONS: Section 1614 of the tax law is amended by chapter 166 of the laws of 1991, subdivision (a) is amended by chapter 170 of the laws of 1994, is amended to read as follows: Notwithstanding any inconsistent provision of any other law, rule or regulation, all winning tickets valued at six hundred dollars or less presented for payment within the expiration of a one-year time period from the date of the drawing or from the close of the game in which a prize was won shall be paid by the lottery sales agent presented with such ticket. JUSTIFICATION: Currently, lottery sales agents that are presented with a winning ticket valued under six hundred dollars will only pay the winner if the ticket is presented within 45 days of the drawing or close of the
S605 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 605 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. PERALTA -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing AN ACT to amend the tax law, in relation to payment of winning lottery tickets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1614 of the tax law, as amended by chapter 166 of the laws of 1991, subdivision a as amended by chapter 170 of the laws of 1994, is amended to read as follows: S 1614. Unclaimed and abandoned prize money. a. No prize claim shall be valid if submitted to the division following the expiration of a one-year time period from the date of the drawing or from the close of the game in which a prize was won, and the person otherwise entitled to such prize shall forfeit any claim or entitlement to such prize moneys. Unclaimed prize money, plus interest earned thereon, shall be retained in the lottery prize account to be used for payment of special lotto or supplemental lotto prizes offered pursuant to the plan or plans speci- fied in this article, or for promotional purposes to supplement other games on an occasional basis not to exceed sixteen weeks within any twelve month period pursuant to the plan or plans specified in this article. NOTWITHSTANDING ANY INCONSISTENT PROVISION OF ANY OTHER LAW, RULE OR REGULATION, ALL WINNING TICKETS VALUED AT SIX HUNDRED DOLLARS OR LESS PRESENTED FOR PAYMENT WITHIN THE EXPIRATION OF A ONE-YEAR TIME PERIOD FROM THE DATE OF THE DRAWING OR FROM THE CLOSE OF THE GAME IN WHICH A PRIZE WAS WON SHALL BE PAID BY THE LOTTERY SALES AGENT PRESENTED WITH SUCH TICKET. In the event that the director proposes to change any plan for the use of unclaimed prize funds or in the event the director intends to use EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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