Assembly Bill A3364

2021-2022 Legislative Session

Relates to the Catskill off-track betting corporation providing licensing and financing to the Monticello racetrack

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2021-A3364 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Tax Law
Laws Affected:
Amd §§1617-a & 1612, Tax L; amd §§301 & 527, RWB L
Versions Introduced in Other Legislative Sessions:
2019-2020: A5954
2023-2024: A3543

2021-A3364 (ACTIVE) - Summary

Relates to the Catskill off-track betting corporation providing licensing and financing to the Monticello racetrack and the ability to provide capital improvements.

2021-A3364 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3364
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2021
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN ACT to amend the tax law and the  racing,  pari-mutuel  wagering  and
   breeding  law,  in  relation  to the Catskill off-track betting corpo-
   ration providing licensing and financing to the Monticello racetrack

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph 1 of subdivision a of section 1617-a of the tax
 law, as amended by section 1 of part SS of chapter 60  of  the  laws  of
 2016, is amended to read as follows:
   (1)  Aqueduct,  [Monticello,]  Yonkers, Finger Lakes, and Vernon Downs
 racetracks;
   § 2. Paragraphs 3 and 4 of subdivision a of section 1617-a of the  tax
 law, as added by section 1 of part SS of chapter 60 of the laws of 2016,
 are amended and a new paragraph 8 is added to read as follows:
   (3)  a  maximum  of  two  facilities,  which  shall be vendors for all
 purposes under this  article,  neither  to  exceed  one  thousand  video
 lottery  gaming  devices, established within region three of zone one as
 defined by section one thousand three hundred ten of the  racing,  pari-
 mutuel  wagering  and  breeding  law, one each operated by a corporation
 established pursuant to section five hundred two of the racing, pari-mu-
 tuel wagering and breeding law in the  Suffolk  region  and  the  Nassau
 region to be located within a facility authorized pursuant to [sections]
 SECTION  one thousand eight or one thousand nine of the racing, pari-mu-
 tuel wagering and breeding law; [and]
   (4) Aqueduct racetrack, within the lottery terminal facility, pursuant
 to an agreement between the corporation established pursuant to  section
 five hundred two of the racing, pari-mutuel wagering and breeding law in
 the  Nassau  region and the operator of video lottery gaming at Aqueduct
 racetrack, when such agreement is approved by the gaming commission  and
 as long as such agreement is in place, and when such agreement is accom-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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