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Assembly Bill A8897

2013-2014 Legislative Session

Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack

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Archive: Last Bill Status - In Assembly Committee

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2013-A8897 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง1612, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A3871
2017-2018: A6307
2019-2020: A1635

2013-A8897 (ACTIVE) - Summary

Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack.

2013-A8897 (ACTIVE) - Bill Text download pdf 

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

                                  8897

                          I N  A S S E M B L Y

                            February 27, 2014
                               ___________

Introduced  by  M.  of  A.  GOLDFEDER  --  read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to the disposition  of  certain
  revenue from the video lottery gaming facility at Aqueduct racetrack

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

  Section 1. Paragraph 3 of subdivision f of section  1612  of  the  tax
law,  as  amended by chapter 174 of the laws of 2013, is amended to read
as follows:
  3. Four percent of the total revenue wagered after payout of prizes to
be deposited into an account of the franchised  corporation  established
pursuant  to section two hundred six of the racing, pari-mutuel wagering
and breeding law to be used for capital expenditures in maintaining  and
upgrading  Aqueduct racetrack[, Belmont Park racetrack and Saratoga race
course].
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14136-01-4

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