senate Bill S5835A

2013-2014 Legislative Session

Relates to capital awards to certain vendor tracks and to the disposition of revenues

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
Jan 29, 2014 print number 5835a
amend and recommit to racing, gaming and wagering
Jan 08, 2014 referred to racing, gaming and wagering
Jun 17, 2013 referred to rules

Co-Sponsors

S5835 - Details

See Assembly Version of this Bill:
A8076A
Law Section:
Tax Law
Laws Affected:
Amd §§1612 & 1617-a, Tax L

S5835 - Summary

Relates to capital awards to certain vendor tracks and to the disposition of revenues.

S5835 - Sponsor Memo

S5835 - Bill Text download pdf

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

                                  5835

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 17, 2013
                               ___________

Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the tax law, in relation to capital  awards  to  certain
  vendor tracks and disposition of revenues

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

  Section 1. Clause (H) of subparagraph (ii) of paragraph 1 of  subdivi-
sion  b of section 1612 of the tax law, as amended by chapter 454 of the
laws of 2012, is amended to read as follows:
  (H) notwithstanding clauses (A), (B), (C), (D), (E), (F)  and  (G)  of
this  subparagraph, the track operator of a vendor track shall be eligi-
ble for a vendor's capital award of up to  four  percent  of  the  total
revenue  wagered at the vendor track after payout for prizes pursuant to
this chapter, which  shall  be  used  exclusively  for  capital  project
investments  to improve the facilities of the vendor track which promote
or encourage increased attendance at the video lottery  gaming  facility
including,  but  not limited to hotels, other lodging facilities, enter-
tainment  facilities,  retail  facilities,  dining  facilities,   events
arenas,  parking  garages  and  other improvements that enhance facility
amenities; provided that such capital investments shall be  approved  by
the  division, in consultation with the state racing and wagering board,
and that such vendor track demonstrates that such  capital  expenditures
will  increase  patronage at such vendor track's facilities and increase
the amount of revenue generated to support state education programs. The
annual amount of such vendor's capital awards that a vendor track  shall
be  eligible  to  receive  shall  be limited to two million five hundred
thousand dollars, except for Aqueduct racetrack, for which  there  shall
be  no  vendor's  capital awards. Except for tracks having less than one
thousand one hundred video gaming machines AND TRACKS LOCATED IN ONTARIO
AND GENESEE COUNTIES, each track operator shall be required to co-invest
an amount of capital expenditure equal to its cumulative vendor's  capi-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11567-01-3

Co-Sponsors

S5835A (ACTIVE) - Details

See Assembly Version of this Bill:
A8076A
Law Section:
Tax Law
Laws Affected:
Amd §§1612 & 1617-a, Tax L

S5835A (ACTIVE) - Summary

Relates to capital awards to certain vendor tracks and to the disposition of revenues.

S5835A (ACTIVE) - Sponsor Memo

S5835A (ACTIVE) - Bill Text download pdf

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

                                 5835--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 17, 2013
                               ___________

Introduced  by Sens. MAZIARZ, GALLIVAN, GRISANTI, NOZZOLIO -- read twice
  and ordered printed, and when printed to be committed to the Committee
  on Rules -- recommitted to the Committee on Racing, Gaming and  Wager-
  ing  in accordance with Senate Rule 6, sec. 8 -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to  amend the tax law, in relation to capital awards to certain
  vendor tracks and disposition of revenues

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

  Section  1.    Subparagraph  (ii)  of  paragraph 1 of subdivision b of
section 1612 of the tax law is amended by adding two new clauses (J) and
(K) to read as follows:
  (J) NOTWITHSTANDING CLAUSES (A), (B), (C), (D) AND (E) OF THIS SUBPAR-
AGRAPH, WHEN A VENDOR TRACK IS LOCATED WITHIN ONTARIO, GENESEE  OR  ERIE
COUNTIES,  AT  A RATE SEVEN AND ONE-HALF (7.5) PERCENTAGE POINTS GREATER
THAN THE PERCENTAGE OF THE TOTAL REVENUE WAGERED  AT  THE  VENDOR  TRACK
WHICH  WOULD  OTHERWISE BE APPLICABLE AND PAYABLE UNDER CLAUSE (A), (B),
(C), (D), OR (E) OF THIS SUBPARAGRAPH.
  (K) NOTWITHSTANDING CLAUSES (A), (B), (C), (D), (E) AND  (J)  OF  THIS
SUBPARAGRAPH,  WHEN  A VENDOR TRACK IS LOCATED WITHIN ONTARIO OR GENESEE
COUNTIES, EFFECTIVE ON THE DATE THAT A NATIVE AMERICAN CASINO  OPENS  TO
THE  GENERAL  PUBLIC  IN  ANY  OF  MONROE, ORLEANS, GENESEE, LIVINGSTON,
ONTARIO OR WAYNE COUNTIES, AT A RATE TEN PERCENTAGE POINTS GREATER  THAN
THE  PERCENTAGE  OF  THE TOTAL REVENUE WAGERED AT THE VENDOR TRACK WHICH
WOULD OTHERWISE BE APPLICABLE AND PAYABLE UNDER CLAUSE  (A),  (B),  (C),
(D), OR (E) OF THIS SUBPARAGRAPH.
  S 2. Paragraph 3 of subdivision f of section 1617-a of the tax law, as
added  by  section  2  of  part  O 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.
                                                           LBD11567-02-4

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