S T A T E O F N E W Y O R K
________________________________________________________________________
3390
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, in relation to the distribution of the
additional vendor's marketing allowance by any operator of a racetrack
located in the county of Westchester
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (iii) of paragraph 1 of subdivision b of
section 1612 of the tax law is amended by adding a new clause (C) to
read as follows:
(C) THE ADDITIONAL VENDOR'S MARKETING ALLOWANCE FOR ANY OPERATOR OF A
RACETRACK LOCATED IN THE COUNTY OF WESTCHESTER EXPENDED BY SUCH OPERATOR
FOR MARKETING SHALL NOT EXCEED EIGHT PERCENT OF THE TOTAL REVENUE
WAGERED AT THE VENDOR TRACK AFTER PAYOUT FOR PRIZES PURSUANT TO THIS
CHAPTER IN ANY YEAR AND THE REMAINDER OF SUCH ADDITIONAL VENDOR'S
MARKETING ALLOWANCE FOR SUCH OPERATOR CALCULATED PURSUANT TO THIS SUBDI-
VISION, NOT TO EXCEED TWENTY-FIVE MILLION DOLLARS ANNUALLY, SHALL BE
PAID BY SUCH OPERATOR TO THE YONKERS CITY SCHOOL DISTRICT BOARD OF
EDUCATION IN QUARTERLY PAYMENTS COMMENCING JULY FIRST, TWO THOUSAND
TWENTY-TWO TO SUPPORT AND MAINTAIN EDUCATIONAL PROGRAMS ESTABLISHED
PURSUANT TO THE SETTLEMENT AGREEMENT DATED JANUARY THIRTY-FIRST, TWO
THOUSAND TWO IN UNITED STATES OF AMERICA V. YONKERS BOARD OF EDUCATION.
NOTWITHSTANDING ANY OTHER PROVISION OF LAW, RULE OR REGULATION TO THE
CONTRARY, SUCH AMOUNT PROVIDED PURSUANT TO THIS SUBDIVISION SHALL BE IN
ADDITION TO ANY ANNUAL MAINTENANCE OF EFFORT REQUIREMENT IMPOSED ON THE
STATE OR CITY OF YONKERS.
§ 2. This act shall take effect July 1, 2022.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07762-01-1