|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 14, 2019||referred to rules|
senate Bill S6495
Current Bill Status - In Senate Committee Rules Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6495 (ACTIVE) - Details
S6495 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6495 SPONSOR: ADDABBO TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: To provide a marketing allowance to ensure the stability of tax revenues to benefit education in response to the opening of the MGM Springfield Casino. SUMMARY OF SPECIFIC PROVISIONS: Section one provides a marketing allowance which holds the state harm- less by providing that it may only be granted by the commission if the current gross gaming revenue and tax receipts are greater than this past fiscal year's gross gaming revenue and tax receipts. Section two provides the effective date.
S6495 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6495 2019-2020 Regular Sessions I N S E N A T E June 14, 2019 ___________ Introduced by Sen. ADDABBO -- 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 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
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