S T A T E O F N E W Y O R K
________________________________________________________________________
2577
2021-2022 Regular Sessions
I N S E N A T E
January 21, 2021
___________
Introduced by Sen. HELMING -- 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 percentage of free play
allowance credits
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 3 of subdivision i 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:
(3) For each video lottery facility, the annual value of the free play
allowance credits authorized for use by the operator pursuant to this
subdivision shall not exceed an amount equal to fifteen percent of the
total amount wagered on video lottery games after payout of prizes. The
gaming commission shall establish procedures to assure that free play
allowance credits do not exceed such amount. HOWEVER, THE COMMISSION
MAY, AT THE COMMISSION'S DISCRETION, AUTHORIZE AN INCREASE TO THE ABOVE
LIMITATION FOR INDIVIDUAL VIDEO LOTTERY FACILITIES, UPON ILLUSTRATION OF
BENEFIT TO THE STATE.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01169-01-1