S T A T E O F N E W Y O R K
________________________________________________________________________
8363
2019-2020 Regular Sessions
I N A S S E M B L Y
June 15, 2019
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Introduced by M. of A. STECK -- read once and referred to the Committee
on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to authorizing a deduction of a marketing allowance for
certain gaming facilities
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 1351 of the racing, pari-mutuel
wagering and breeding law is amended by adding a new paragraph (e) to
read as follows:
(E) A GAMING FACILITY IN REGION TWO MAY DEDUCT FROM THE TAX IMPOSED
PURSUANT TO SUBDIVISION ONE OF THIS SECTION A MARKETING ALLOWANCE EQUAL
TO AN AMOUNT UP TO EIGHT PERCENT OF GROSS GAMING REVENUE FROM SLOT
MACHINES; PROVIDED, HOWEVER, THE AMOUNT OF SUCH MARKETING ALLOWANCE
DEDUCTED BY SUCH FACILITY SHALL NOT DECREASE THE AMOUNT PAYABLE BY SUCH
GAMING FACILITY IN ANY FISCAL YEAR BELOW THE AMOUNT PAYABLE BY SUCH
GAMING FACILITY IN THE FISCAL YEAR ENDING MARCH THIRTY-FIRST, TWO THOU-
SAND NINETEEN.
§ 2. This act shall take effect on the ninetieth day after it shall
have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13352-01-9