senate Bill S7866A

2019-2020 Legislative Session

Provides that certain funds wagered on video lottery gaming shall be utilized for the purpose of funding capital expenditures of the metropolitan transportation authority

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering 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 (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 10, 2020 print number 7866a
Mar 10, 2020 amend and recommit to racing, gaming and wagering
Feb 27, 2020 referred to racing, gaming and wagering

S7866 - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L; add §99-hh, St Fin L

S7866 - Summary

Provides that certain funds wagered on video lottery gaming shall be utilized for the purpose of funding capital expenditures of the metropolitan transportation authority; establishes the MTA support fund.

S7866 - Sponsor Memo

S7866 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7866

                            I N  S E N A T E

                            February 27, 2020
                               ___________

Introduced  by  Sen.  RAMOS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Racing, Gaming and  Wager-
  ing

AN  ACT  to  amend  the  tax law, in relation to the investment of funds
  wagered on video lottery gaming; and to amend the state  finance  law,
  in relation to establishing the MTA support fund

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions f and f-1 of section  1612  of  the  tax  law,
subdivision f as amended by chapter 174 of the laws of 2013, paragraph 1
of subdivision f as amended by section 2 of part OO of chapter 59 of the
laws  of 2014, and subdivision f-1 as amended by chapter 175 of the laws
of 2013, are amended to read as follows:
  f. As consideration for the operation  of  the  video  lottery  gaming
facility  at Aqueduct racetrack, 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.  Six  and  one-half  percent  of  the total wagered after payout of
prizes for the first year of operation of video lottery gaming at  Aque-
duct  racetrack,  seven  percent  of  the  total wagered after payout of
prizes for the second year of operation, and seven and one-half  percent
of the total wagered after payout of prizes for the third year of opera-
tion  and  thereafter,  for  the purpose of enhancing purses at Aqueduct
racetrack, Belmont Park racetrack and Saratoga race course. One  percent
of  the gross purse enhancement amount, as required by this subdivision,
shall be paid to the gaming commission to be used exclusively to promote
and ensure equine health and safety in New York.  Any  portion  of  such
funding  to  the  gaming commission unused during a fiscal year shall be
returned on a pro rata basis in accordance with the  amounts  originally
contributed  and  shall  be  used for the purpose of enhancing purses at
such tracks. One and one-half percent of  the  gross  purse  enhancement
amount,  as  required  by  this subdivision, shall be paid to an account
established pursuant to section two hundred twenty-one-a of the  racing,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S7866A (ACTIVE) - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Tax Law
Laws Affected:
Amd §1612, Tax L; add §99-hh, St Fin L

S7866A (ACTIVE) - Summary

Provides that certain funds wagered on video lottery gaming shall be utilized for the purpose of funding capital expenditures of the metropolitan transportation authority; establishes the MTA support fund.

S7866A (ACTIVE) - Sponsor Memo

S7866A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7866--A

                            I N  S E N A T E

                            February 27, 2020
                               ___________

Introduced  by  Sen.  RAMOS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Racing, Gaming and  Wager-
  ing  --  committee  discharged,  bill  amended,  ordered  reprinted as
  amended and recommitted to said committee

AN ACT to amend the tax law, in relation  to  the  investment  of  funds
  wagered  on  video lottery gaming; and to amend the state finance law,
  in relation to establishing the MTA support fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivisions  f  and  f-1 of section 1612 of the tax law,
subdivision f as amended by chapter 174 of the laws of 2013, paragraph 1
of subdivision f as amended by section 2 of part OO of chapter 59 of the
laws of 2014, and subdivision f-1 as amended by chapter 175 of the  laws
of 2013, are amended to read as follows:
  f.  As  consideration  for  the  operation of the video lottery gaming
facility at Aqueduct racetrack, 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.  [Six  and  one-half  percent  of the total wagered after payout of
prizes for the first year of operation of video lottery gaming at  Aque-
duct  racetrack,  seven  percent  of  the  total wagered after payout of
prizes for the second year of operation, and seven and one-half  percent
of the total wagered after payout of prizes for the third year of opera-
tion  and  thereafter,  for  the purpose of enhancing purses at Aqueduct
racetrack, Belmont Park racetrack and Saratoga race course. One  percent
of  the gross purse enhancement amount, as required by this subdivision,
shall be paid to the gaming commission to be used exclusively to promote
and ensure equine health and safety in New York.  Any  portion  of  such
funding  to  the  gaming commission unused during a fiscal year shall be
returned on a pro rata basis in accordance with the  amounts  originally
contributed  and  shall  be  used for the purpose of enhancing purses at
such tracks. One and one-half percent of  the  gross  purse  enhancement
amount,  as  required  by  this subdivision, shall be paid to an account
established pursuant to section two hundred twenty-one-a of the  racing,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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