S T A T E O F N E W Y O R K
________________________________________________________________________
6022
2019-2020 Regular Sessions
I N A S S E M B L Y
February 26, 2019
___________
Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
tee on Ways and Means
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] FIVE tenths percent of the total wagered after payout of
prizes for the appropriate breeding fund for the manner of racing 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 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
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09965-01-9
A. 6022 2
published annually by the United States department of labor, bureau of
labor statistics, shall instead be returned to the commission].
3. [one] 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.