Assembly Bill A1635

2019-2020 Legislative Session

Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2019-A1635 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8897
2015-2016: A3871
2017-2018: A6307

2019-A1635 (ACTIVE) - Summary

Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack.

2019-A1635 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1635
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 16, 2019
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to the disposition  of  certain
   revenue from the video lottery gaming facility at Aqueduct racetrack
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 3 of subdivision f of section  1612  of  the  tax
 law,  as  amended by chapter 174 of the laws of 2013, is amended to read
 as follows:
   3. Four 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].
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03728-01-9

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