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Assembly Bill A5994B

Vetoed By Governor

2017-2018 Legislative Session

Relates to the payment of certain commissions

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Archive: Last Bill Status Via S4287 - Vetoed by Governor

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Bill Amendments

2017-A5994 - Details

See Senate Version of this Bill:
S4287
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L

2017-A5994 - Summary

Relates to the payment of certain commissions.

2017-A5994 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5994
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 21, 2017
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law  and
   the tax law, in relation to the payment of certain commissions
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 104 of the racing, pari-mutuel wagering and  breed-
 ing law is amended by adding a new subdivision 24 to read as follows:
   24.  TO ADOPT, AMEND AND REPEAL A RESOLUTION PROVIDING FOR THE PAYMENT
 ON A QUARTERLY BASIS OF THE ADDITIONAL  COMMISSIONS  PAYABLE  TO  VENDOR
 TRACKS  LOCATED  IN  REGIONS  ONE  AND  TWO  OF  DEVELOPMENT ZONE TWO AS
 PROVIDED FOR IN CLAUSE (G) OF SUBPARAGRAPH  (II)  OF  PARAGRAPH  ONE  OF
 SUBDIVISION  B  OF  SECTION  SIXTEEN  HUNDRED  TWELVE OF THE TAX LAW AND
 REGION SIX OF DEVELOPMENT ZONE TWO AS PROVIDED FOR IN  CLAUSE  (G-2)  OF
 SUBPARAGRAPH  (II) OF PARAGRAPH ONE OF SECTION SIXTEEN HUNDRED TWELVE OF
 THE TAX LAW.
   § 2. Clause (G) of subparagraph (ii) of paragraph 1 of  subdivision  b
 of  section  1612  of the tax law, as amended by section 2 of part HH of
 chapter 60 of the laws of 2016, is amended to read as follows:
   (G) Notwithstanding any provision to the contrary, when a vendor track
 is located within regions one, two, or five of development zone  two  as
 defined  by  section  thirteen  hundred  ten  of the racing, pari-mutuel
 wagering and breeding law, such vendor track shall receive an additional
 commission at a rate equal to the percentage of revenue wagered  at  the
 vendor  track  after  payout  for prizes pursuant to this chapter, which
 percentage shall be one hundred, less the sum of the percentages of  net
 revenue wagered at the vendor track retained by the commission for oper-
 ation,  administration,  and procurement purposes; and the vendor's fee,
 marketing allowance and capital award paid to the vendor track  pursuant
 to  this  chapter;  and  the effective tax rate paid on all gross gaming
 revenue paid by a gaming facility within the  same  region  pursuant  to
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2017-A5994A - Details

See Senate Version of this Bill:
S4287
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L

2017-A5994A - Summary

Relates to the payment of certain commissions.

2017-A5994A - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5994--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 21, 2017
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering  --  committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law and
   the tax law, in relation to the payment of certain commissions

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 104 of the racing, pari-mutuel wagering and breed-
 ing law is amended by adding a new subdivision 24 to read as follows:
   24. TO PUBLISH QUARTERLY ON THE WEBSITE OF  THE  COMMISSION,  (A)  THE
 CALCULATION  OF  THE EFFECTIVE TAX RATE PAID ON ALL GROSS GAMING REVENUE
 BY EACH GAMING FACILITY PURSUANT TO SECTION THIRTEEN  HUNDRED  FIFTY-ONE
 OF  THIS  CHAPTER,  (B)  THE  AMOUNT  AND  CALCULATION OF THE ADDITIONAL
 COMMISSION RECEIVED BY EACH VENDOR TRACK PURSUANT TO CLAUSE (G) OR (G-2)
 OF SUBPARAGRAPH (II) OF  PARAGRAPH  ONE  OF  SUBDIVISION  B  OF  SECTION
 SIXTEEN  HUNDRED  TWELVE OF THE TAX LAW, AND (C) ANY ADDITIONAL INFORMA-
 TION THAT THE COMMISSION MAY DEEM APPROPRIATE.
   § 2. Clause (G) of subparagraph (ii) of paragraph 1 of  subdivision  b
 of  section  1612  of the tax law, as amended by section 2 of part HH of
 chapter 60 of the laws of 2016, is amended to read as follows:
   (G) Notwithstanding any provision to the contrary, when a vendor track
 is located within regions one, two, or five of development zone  two  as
 defined  by  section  thirteen  hundred  ten  of the racing, pari-mutuel
 wagering and breeding law, such vendor track shall receive an additional
 commission at a rate equal to the percentage of revenue wagered  at  the
 vendor  track  after  payout  for prizes pursuant to this chapter, which
 percentage shall be one hundred, less the sum of the percentages of  net
 revenue wagered at the vendor track retained by the commission for oper-
 ation,  administration,  and procurement purposes; and the vendor's fee,
 marketing allowance and capital award paid to the vendor track  pursuant
 to  this  chapter;  and  the effective tax rate paid on all gross gaming
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2017-A5994B (ACTIVE) - Details

See Senate Version of this Bill:
S4287
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L

2017-A5994B (ACTIVE) - Summary

Relates to the payment of certain commissions.

2017-A5994B (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5994--B
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 21, 2017
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering  --  committee  discharged,  bill  amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   again reported from said committee with amendments, ordered  reprinted
   as amended and recommitted to said committee

 AN  ACT  to  amend  the  tax  law, in relation to the payment of certain
   commissions
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Clause (G) of subparagraph (ii) of paragraph 1 of subdivi-
 sion  b  of section 1612 of the tax law, as amended by section 2 of part
 HH of chapter 60 of the laws of 2016, is amended to read as follows:
   (G) Notwithstanding any provision to the contrary, when a vendor track
 is located within regions one, two, or five of development zone  two  as
 defined  by  section  thirteen  hundred  ten  of the racing, pari-mutuel
 wagering and breeding law, such vendor track shall receive an additional
 commission at a rate equal to the percentage of revenue wagered  at  the
 vendor  track  after  payout  for prizes pursuant to this chapter, which
 percentage shall be one hundred, less the sum of the percentages of  net
 revenue wagered at the vendor track retained by the commission for oper-
 ation,  administration,  and procurement purposes; and the vendor's fee,
 marketing allowance and capital award paid to the vendor track  pursuant
 to  this  chapter;  and  the effective tax rate paid on all gross gaming
 revenue paid by a gaming facility within the  same  region  pursuant  to
 section  thirteen  hundred fifty-one of the racing, pari-mutuel wagering
 and breeding law, provided, however, such additional commission shall be
 applied to revenue wagered at the vendor track after payout  for  prizes
 only  while a gaming facility in the same region is open and operational
 pursuant to an operation certificate issued pursuant to section thirteen
 hundred thirty-one of the racing, pari-mutuel wagering and breeding law.
 The additional commission set forth in this clause shall be paid to  the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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