Senate Bill S6785

2017-2018 Legislative Session

Relates to the market origin fee for multi-jurisdictional account wagering providers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering Committee

  • 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

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2017-S6785 (ACTIVE) - Details

See Assembly Version of this Bill:
A8494
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1012-a, RWB L

2017-S6785 (ACTIVE) - Summary

Increases the market origin fee for multi-jurisdictional account wagering providers from five to seven and one half per centum.

2017-S6785 (ACTIVE) - Sponsor Memo

2017-S6785 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6785
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               June 17, 2017
                                ___________
 
 Introduced  by  Sen. AMEDORE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation to multi-jurisdictional account wagering providers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 6  of section 1012-a of the racing, pari-mutuel
 wagering and breeding law, as added by chapter 174 of the laws of  2013,
 is amended to read as follows:
   6.  multi-jurisdictional account wagering providers shall pay a market
 origin fee equal to [five] SEVEN AND ONE-HALF per centum on  each  wager
 accepted  from New York residents. Multi-jurisdictional account wagering
 providers shall make the required payments to the market origin  account
 on  or  before  the  fifth  business day of each month and such required
 payments shall cover payments due for the period of the preceding calen-
 dar month; provided, however, that such payments required to be made  on
 April fifteenth shall be accompanied by a report under oath, showing the
 total  of all such payments, together with such other information as the
 commission may require. A penalty of five per centum and interest at the
 rate of one per centum per month from the date the report is required to
 be filed to the date the payment shall be payable in case  any  payments
 required by this subdivision are paid when due. If the commission deter-
 mines  that  any  moneys  received  under  this subdivision were paid in
 error, the commission may cause the same to be refunded without interest
 out of any moneys collected thereunder, provided an application therefor
 is filed with the commission within one year from the time the erroneous
 payment was made. The commission shall pay into  the  racing  regulation
 account,  under the joint custody of the comptroller and the commission,
 the total amount of the fee collected pursuant to this section.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13254-01-7

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