senate Bill S55

2013-2014 Legislative Session

Relates to the payment of winning lottery tickets

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to racing, gaming and wagering
Jan 09, 2013 referred to racing, gaming and wagering

S55 - Details

Law Section:
Tax Law
Laws Affected:
Amd ยง1614, Tax L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S605
2009-2010: S8455

S55 - Summary

Relates to the payment of winning lottery tickets.

S55 - Sponsor Memo

S55 - Bill Text download pdf

                    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.

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