Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 21, 2017 |
signed chap.236 |
Aug 09, 2017 |
delivered to governor |
Jun 21, 2017 |
returned to senate passed assembly ordered to third reading rules cal.673 substituted for a5983a |
Jun 19, 2017 |
referred to ways and means returned to assembly repassed senate |
Jun 15, 2017 |
amended on third reading 4068a |
Jun 15, 2017 |
vote reconsidered - restored to third reading returned to senate recalled from assembly |
Jun 06, 2017 |
referred to ways and means delivered to assembly passed senate |
Mar 13, 2017 |
advanced to third reading |
Mar 08, 2017 |
2nd report cal. |
Mar 07, 2017 |
1st report cal.345 |
Feb 02, 2017 |
referred to racing, gaming and wagering |
Senate Bill S4068A
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(D, WF) 63rd Senate District
2017-S4068 - Details
2017-S4068 - Sponsor Memo
BILL NUMBER: S4068 TITLE OF BILL : An act to amend the tax law, in relation to video gaming machines and disposition of revenues PURPOSE : To allow medium size gaming facilities in New York to receive additional investment. SUMMARY OF PROVISIONS : Section 1 of the bill amends Clauses A, B, and 14 of paragraph 1 of subdivision b of section 1612 of the tax law to increase the threshold of gaming machines from one thousand one hundred to one thousand nine hundred. Section 2 is the effective date of the bill. JUSTIFICATION : This legislation would enable medium sized facilities (Saratoga) to qualify for full investment so the facility could reinvest in additional amenities and expanded gaming space. This would drive much needed job creation and additional VGM revenues for the State.
2017-S4068 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4068 2017-2018 Regular Sessions I N S E N A T E February 2, 2017 ___________ Introduced by Sen. MARCHIONE -- 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 video gaming machines 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 separately amended by section 1 of part GG and section 2 of part SS of chapter 60 of the laws of 2016, 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 and in the case of Aqueduct, the video lottery terminal facility operator, shall be eligible 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] GAMING COMMISSION, 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 annual limit, provided, however, that any EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D, WF) 63rd Senate District
2017-S4068A (ACTIVE) - Details
2017-S4068A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4068A TITLE OF BILL : An act to amend the tax law, in relation to video gaming machines and disposition of revenues PURPOSE OR GENERAL IDEA OF BILL : To allow medium size gaming facilities in New York to receive additional investment. SUMMARY OF PROVISIONS : Section 1 of the bill amends Clauses A, B, and 14 of paragraph 1 of subdivision b of section 1612 of the tax law to increase the threshold of gaming machines from one thousand one hundred to one thousand nine hundred. Section 2 is the effective date of the bill. DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE) : The original version would have extended the vendor's capital awards program for two years; however, this program was extended for one year in the 20172018 enacted state budget. JUSTIFICATION :
2017-S4068A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4068--A Cal. No. 345 2017-2018 Regular Sessions I N S E N A T E February 2, 2017 ___________ Introduced by Sens. MARCHIONE, KENNEDY -- read twice and ordered print- ed, and when printed to be committed to the Committee on Racing, Gaming and Wagering -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the tax law, in relation to video gaming machines 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 section 1 of part QQ of chapter 59 of the laws of 2017, 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 and in the case of Aqueduct, the video lottery terminal facility operator, shall be eligible 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] GAMING COMMISSION, 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.