senate Bill S605

2011-2012 Legislative Session

Relates to the payment of winning lottery tickets

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
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

S605 - Details

See Assembly Version of this Bill:
A2151
Law Section:
Tax Law
Laws Affected:
Amd ยง1614, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S8455, A11687

S605 - Summary

Relates to the payment of winning lottery tickets.

S605 - Sponsor Memo

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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