|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to investigations and government operations|
|Jan 24, 2013||referred to investigations and government operations|
senate Bill S2870
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2870 - Details
S2870 - Summary
Makes changes in the percentages for disposition of revenue from lottery prize account to increase the percentage, by five percent, directed to state aid for education funding.
S2870 - Sponsor Memo
BILL NUMBER:S2870 TITLE OF BILL: An act to amend the tax law, in relation to the disposi- tion of revenue from the lottery prize account SUMMARY OF PROVISIONS: This bill decreases, by five percent, the amount of money allocated for lottery prizes; the bill increases, by five percent, the amount of money allocated to education. These changes apply to the "Daily Numbers Game," "Win 4," "Pick 10," "Take 5" and "Lotto" games. JUSTIFICATION: State aid to education funding has been severely restricted over the past few years. A minor change in the disposition of revenue from the lottery prize account will increase state aid to strug- gling schools, without a negative impact on the lottery system. EFFECTIVE DATE: This act shall take effect on the first of October next succeeding the date on which it shall have become a law.
S2870 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2870 2013-2014 Regular Sessions I N S E N A T E January 24, 2013 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the disposition of revenue from the lottery prize account THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 3 and 4 of subdivision a of section 1612 of the tax law, as amended by section 1 of part Q of chapter 61 of the laws of 2011, are amended to read as follows: (3) [fifty-five] FORTY-FIVE percent of the total amount for which tickets have been sold for any joint, multi-jurisdiction, and out-of- state lottery except as otherwise provided in paragraph one of subdivi- sion b of this section for any joint, multi-jurisdiction, out-of-state video lottery gaming; or (4) [fifty] THIRTY-FIVE percent of the total amount for which tickets have been sold for games known as: (A) the "Daily Numbers Game" or "Win 4", discrete games in which the participants select no more than three or four of their own numbers to match with three or four numbers drawn by the division for purposes of determining winners of such games, (B) "Pick 10", offered no more than once daily, in which participants select from a specified field of numbers a subset of ten numbers to match against a subset of numbers to be drawn by the division from such field of numbers for the purpose of determining winners of such game, (C) "Take 5", offered no more than once daily, in which participants select from a specified field of numbers a subset of five numbers to match against a subset of five numbers to be drawn by the division from such field of numbers for purposes of determining winners of such game; or S 2. The opening paragraph of paragraph 1 of subdivision b of section 1612 of the tax law, as amended by section 1 of part R of chapter 61 of the laws of 2011, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02041-01-3
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