S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6405
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               May 17, 2017
                                ___________
 
 Introduced  by Sens. BONACIC, MARCHIONE -- read twice and ordered print-
   ed, and when printed to be  committed  to  the  Committee  on  Racing,
   Gaming and Wagering
 
 AN  ACT  to  amend the tax law, in relation to the disposition of vender
   fees for the operation of video lottery gaming at certain race tracks

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision f-1 of section 1612 of the tax law, as amended
 by chapter 175 of the laws of 2013, is amended to read as follows:
   f-1. As consideration for operation of video lottery  gaming  facility
 located in the county of Nassau or Suffolk and operated by a corporation
 established pursuant to section five hundred two of the racing, pari-mu-
 tuel  wagering and breeding law, the division shall cause the investment
 in the racing industry of the following percentages of the vendor fee to
 be deposited or paid as follows:
   1. Two and three tenths percent of the total wagered after  payout  of
 prizes  for  the  purpose  of  enhancing  purses  at Aqueduct racetrack,
 Belmont Park racetrack and Saratoga  race  course[,  provided,  however,
 that  any  amount  that is in excess of the amount necessary to maintain
 purse support from video lottery gaming at Aqueduct  racetrack,  Belmont
 Park  racetrack  and  Saratoga race course at the same level realized in
 two thousand thirteen, to be adjusted by the consumer  price  index  for
 all  urban consumers, as published annually by the United States depart-
 ment of labor, bureau of labor statistics, shall instead be returned  to
 the commission].
   2. five tenths percent of the total wagered after payout of prizes for
 the appropriate breeding fund for the manner of racing at Aqueduct race-
 track,  Belmont  Park  racetrack  and  Saratoga  race course[, provided,
 however, that any amount that is in excess of the  amount  necessary  to
 maintain payments from video lottery gaming at Aqueduct racetrack at the
 same  level  realized  in  two  thousand thirteen, to be adjusted by the

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

                                                            LBD11784-01-7

 S. 6405                             2

 consumer price index for all urban consumers, as published  annually  by
 the United States department of labor, bureau of labor statistics, shall
 instead be returned to the commission].
   3.  one  and  three  tenths percent of the total revenue wagered after
 payout of prizes to be deposited  into  an  account  of  the  franchised
 corporation  established  pursuant  to  section  two  hundred six of the
 racing, pari-mutuel wagering and breeding law to  be  used  for  capital
 expenditures  in  maintaining  and upgrading Aqueduct racetrack, Belmont
 Park racetrack and Saratoga race course[, provided,  however,  that  any
 amount  that  is  in excess of the amount necessary to maintain payments
 for capital expenditures from video lottery gaming at Aqueduct racetrack
 at the same level realized in two thousand thirteen, to be  adjusted  by
 the  consumer price index for all urban consumers, as published annually
 by the United States department of labor, bureau  of  labor  statistics,
 shall instead be returned to the commission].
   4.  Nine  tenths percent of the total revenue wagered after payout for
 prizes to be deposited into an account  of  the  franchised  corporation
 established  pursuant to section two hundred six of the racing, pari-mu-
 tuel wagering and breeding law  to  be  used  for  general  thoroughbred
 racing  operations  at  Aqueduct  racetrack,  Belmont Park racetrack and
 Saratoga race course[, provided, however, that any  amount  that  is  in
 excess  of  the  amount  necessary  to  maintain  payments  for  general
 thoroughbred racing operations from video  lottery  gaming  at  Aqueduct
 racetrack  at  the  same  level realized in two thousand thirteen, to be
 adjusted by the  consumer  price  index  for  all  urban  consumers,  as
 published  annually  by the United States department of labor, bureau of
 labor statistics, shall instead be returned to the commission].
   § 2. This act shall take effect immediately.