A01635 Summary:

BILL NOA01635
 
SAME ASNo Same As
 
SPONSORPheffer Amato
 
COSPNSR
 
MLTSPNSR
 
Amd §1612, Tax L
 
Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack.
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A01635 Actions:

BILL NOA01635
 
01/16/2019referred to ways and means
01/08/2020referred to ways and means
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A01635 Committee Votes:

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A01635 Floor Votes:

There are no votes for this bill in this legislative session.
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A01635 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1635
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 16, 2019
                                       ___________
 
        Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
          Committee on Ways and Means
 
        AN ACT to amend the tax law, in relation to the disposition  of  certain
          revenue from the video lottery gaming facility at Aqueduct racetrack
 
          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 f of section  1612  of  the  tax
     2  law,  as  amended by chapter 174 of the laws of 2013, is amended to read
     3  as follows:
     4    3. Four percent of the total revenue wagered after payout of prizes to
     5  be deposited into an account of the franchised  corporation  established
     6  pursuant  to section two hundred six of the racing, pari-mutuel wagering
     7  and breeding law to be used for capital expenditures in maintaining  and
     8  upgrading  Aqueduct racetrack[, Belmont Park racetrack and Saratoga race
     9  course].
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03728-01-9
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