Senate Bill S4287

2019-2020 Legislative Session

Creates the responsible retirement of racehorses fund; horse registration fee

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance 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-S4287 (ACTIVE) - Details

See Assembly Version of this Bill:
A894
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §95-j, St Fin L; amd §330, RWB L; add §381, Ag & Mkts L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8997
2015-2016: S4415, A5342
2017-2018: S2473, A4220
2021-2022: A5734
2023-2024: A3815

2019-S4287 (ACTIVE) - Summary

Creates the responsible retirement of racehorses fund; establishes a horse registration fee; provides such funds be expended to support responsible retirement of racehorses in this state.

2019-S4287 (ACTIVE) - Sponsor Memo

2019-S4287 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4287
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               March 6, 2019
                                ___________
 
 Introduced  by  Sens. LAVALLE, ADDABBO, SEPULVEDA, TEDISCO -- read twice
   and ordered printed, and when printed to be committed to the Committee
   on Finance
 
 AN ACT to amend the state finance law, in relation to  the  creation  of
   the  responsible  retirement  of racehorses fund; to amend the racing,
   pari-mutuel wagering and breeding law, in relation to a  horse  regis-
   tration fee; and to amend the agriculture and markets law, in relation
   to the responsible retirement of racehorses
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The state finance law is amended by adding  a  new  section
 95-j to read as follows:
   §  95-J. RESPONSIBLE RETIREMENT OF RACEHORSES FUND. 1. THERE IS HEREBY
 ESTABLISHED IN THE SOLE CUSTODY OF  THE  COMMISSIONER  OF  TAXATION  AND
 FINANCE  A  SPECIAL  FUND  TO BE KNOWN AS THE "RESPONSIBLE RETIREMENT OF
 RACEHORSES FUND". MONIES IN THE FUND SHALL BE KEPT SEPARATE FROM AND NOT
 COMMINGLED WITH OTHER FUNDS HELD IN THE SOLE CUSTODY OF THE COMMISSIONER
 OF TAXATION AND FINANCE.
   2. (A) SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPART-
 MENT OF TAXATION AND FINANCE PURSUANT TO PARAGRAPH (B) OF THIS  SUBDIVI-
 SION  AND ALL OTHER MONEY APPROPRIATED, CREDITED, OR TRANSFERRED THERETO
 FROM ANY OTHER FUND OR SOURCE PURSUANT TO LAW.  NOTHING CONTAINED HEREIN
 SHALL PREVENT THE STATE FROM RECEIVING GRANTS, GIFTS OR BEQUESTS FOR THE
 PURPOSES OF THE FUND AS DEFINED IN THIS SECTION AND DEPOSITING THEM INTO
 THE FUND ACCORDING TO LAW.
   (B) THE SOURCES OF THE "RESPONSIBLE  RETIREMENT  OF  RACEHORSES  FUND"
 SHALL BE AS FOLLOWS:
   (I)  ONE-HALF  OF  ONE  PERCENT  OF THE COMMISSIONS FROM VIDEO LOTTERY
 GAMING REVENUE FROM NEW YORK'S TRACKS AND RESORTS WORLD CASINO NEW  YORK
 CITY  AND  ANY  VIDEO LOTTERY GAMING ADDED AFTER THIS SECTION SHALL HAVE
 BECOME A LAW;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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