senate Bill S6495

2019-2020 Legislative Session

Authorizes a deduction of a marketing allowance for certain gaming facilities

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 14, 2019 referred to rules

S6495 (ACTIVE) - Details

See Assembly Version of this Bill:
A8363
Current Committee:
Senate Rules
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1351, RWB L

S6495 (ACTIVE) - Summary

Authorizes a deduction of a marketing allowance equal to an amount up to eight percent of gross gaming revenue from slot machines for gaming facilities in region two.

S6495 (ACTIVE) - Sponsor Memo

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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