S T A T E O F N E W Y O R K
________________________________________________________________________
55
2013-2014 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2013
___________
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. Subdivision a of section 1614 of the tax law, as amended by
chapter 170 of the laws of 1994, is amended to read as follows:
a. No prize claim shall be valid if submitted to the division follow-
ing the expiration of a one-year time period from the date of the draw-
ing 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 enti-
tlement 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 specified in this article, or for promo-
tional 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
funds in a game other than the game from which such unclaimed prize
funds were derived, the director of the budget, the chairperson of the
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01092-01-3
S. 55 2
senate finance committee, and the chairperson of the assembly ways and
means committee shall be notified in writing separately detailing the
proposed changes to any plan prior to the implementation of the changes.
S 2. This act shall take effect on the thirtieth day after it shall
have become a law.