Assembly Bill A3815

2023-2024 Legislative Session

Creates the responsible retirement of racehorses fund; horse registration fee

download bill text pdf

Sponsored By

Current 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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2023-A3815 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §95-l, St Fin L; amd §330, RWB L; add §385, Ag & Mkts L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8997
2015-2016: A5342
2017-2018: A4220
2019-2020: A894
2021-2022: A5734

2023-A3815 (ACTIVE) - Summary

Creates the responsible retirement of racehorses fund; establishes a horse registration fee; provides such funds be expended to support responsible retirement of racehorses in this state.

2023-A3815 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3815
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 8, 2023
                                ___________
 
 Introduced  by  M.  of A. GLICK, L. ROSENTHAL, COOK, FAHY -- Multi-Spon-
   sored by -- M. of A. SIMON -- read once and referred to the  Committee
   on Ways and Means
 
 AN  ACT  to  amend the state finance law, in relation to the creation of
   the responsible retirement of racehorses fund; to  amend  the  racing,
   pari-mutuel  wagering  and breeding law, in relation to a horse regis-
   tration fee; and to amend the agriculture and markets law, in relation
   to the responsible retirement of racehorses
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  state finance law is amended by adding a new section
 95-l to read as follows:
   § 95-L. RESPONSIBLE RETIREMENT OF RACEHORSES FUND. 1. THERE IS  HEREBY
 ESTABLISHED  IN  THE  SOLE  CUSTODY  OF THE COMMISSIONER OF TAXATION AND
 FINANCE A SPECIAL FUND TO BE KNOWN AS  THE  "RESPONSIBLE  RETIREMENT  OF
 RACEHORSES FUND". MONIES IN THE FUND SHALL BE KEPT SEPARATE FROM AND NOT
 COMMINGLED WITH OTHER FUNDS HELD IN THE SOLE CUSTODY OF THE COMMISSIONER
 OF TAXATION AND FINANCE.
   2. (A) SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPART-
 MENT  OF TAXATION AND FINANCE PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVI-
 SION AND ALL OTHER MONEY APPROPRIATED, CREDITED, OR TRANSFERRED  THERETO
 FROM ANY OTHER FUND OR SOURCE PURSUANT TO LAW.  NOTHING CONTAINED HEREIN
 SHALL PREVENT THE STATE FROM RECEIVING GRANTS, GIFTS OR BEQUESTS FOR THE
 PURPOSES OF THE FUND AS DEFINED IN THIS SECTION AND DEPOSITING THEM INTO
 THE FUND ACCORDING TO LAW.
   (B)  THE  SOURCES  OF  THE "RESPONSIBLE RETIREMENT OF RACEHORSES FUND"
 SHALL BE AS FOLLOWS:
   (I) ONE-HALF OF ONE PERCENT OF  THE  COMMISSIONS  FROM  VIDEO  LOTTERY
 GAMING  REVENUE FROM NEW YORK'S TRACKS AND RESORTS WORLD CASINO NEW YORK
 CITY AND ANY VIDEO LOTTERY GAMING ADDED AFTER THIS  SECTION  SHALL  HAVE
 BECOME A LAW;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02913-01-3
              

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