Provides that the gaming commission may, at its discretion, authorize an increase to the limitation for individual video lottery facilities upon illustration of benefit to the state.
STATE OF NEW YORK
________________________________________________________________________
9526--B
IN ASSEMBLY
January 19, 2018
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Ways and Means -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee -- again
reported from said committee with amendments, ordered reprinted as
amended and recommitted to said committee
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:
1 Section 1. Paragraph 3 of subdivision i of section 1617-a of the tax
2 law, as amended by section 1 of part SS of chapter 60 of the laws of
3 2016, is amended to read as follows:
4 (3) For each video lottery facility, the annual value of the free play
5 allowance credits authorized for use by the operator pursuant to this
6 subdivision shall not exceed an amount equal to fifteen percent of the
7 total amount wagered on video lottery games after payout of prizes. The
8 gaming commission shall establish procedures to assure that free play
9 allowance credits do not exceed such amount. However, the commission
10 may, at the commission's discretion, authorize an increase to the above
11 limitation for individual video lottery facilities, upon illustration of
12 benefit to the state.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13147-05-8
