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Assembly Bill A5958

2025-2026 Legislative Session

Relates to net revenue distributed by regional off-track betting corporations

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Current Bill Status - In Assembly Committee

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2025-A5958 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §516, RWB L
Versions Introduced in 2023-2024 Legislative Session:
A10080

2025-A5958 (ACTIVE) - Summary

Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.

2025-A5958 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5958
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 25, 2025
                                ___________
 
 Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
   Committee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  net  revenue  distributed  by regional off-track betting
   corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2  of section 516 of the racing, pari-mutuel
 wagering and breeding law is amended by adding a new paragraph d to read
 as follows:
   D. ANY NET REVENUE DISTRIBUTED TO  PARTICIPATING  COUNTIES  OR  CITIES
 PURSUANT  TO  PARAGRAPHS  A,  B, AND C OF THIS SUBDIVISION SHALL BE USED
 EXCLUSIVELY FOR REAL PROPERTY TAX RELIEF.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09008-01-5

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