S00589 Summary:

BILL NOS00589
 
SAME ASNo Same As
 
SPONSORKENNEDY
 
COSPNSRSALAZAR
 
MLTSPNSR
 
Amd 1612, Tax L
 
Makes changes in the percentages for disposition of revenue from lottery prize account to increase the percentage, by five percent, directed to state aid for education funding.
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S00589 Actions:

BILL NOS00589
 
01/09/2019REFERRED TO RACING, GAMING AND WAGERING
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S00589 Committee Votes:

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S00589 Floor Votes:

There are no votes for this bill in this legislative session.
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S00589 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           589
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 9, 2019
                                       ___________
 
        Introduced  by  Sen. KENNEDY -- 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 disposition of revenue
          from the lottery prize account

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1.  Paragraphs 3 and 4 of subdivision a of section 1612 of the
     2  tax  law,  as amended by of chapter 174 of the laws of 2013, are amended
     3  to read as follows:
     4    (3) [fifty-five] forty-five percent of  the  total  amount  for  which
     5  tickets  have  been  sold for any joint, multi-jurisdiction, and out-of-
     6  state lottery except as otherwise provided in paragraph one of  subdivi-
     7  sion  b  of this section for any joint, multi-jurisdiction, out-of-state
     8  video lottery gaming; or
     9    (4) [fifty] thirty-five percent of the total amount for which  tickets
    10  have  been sold for games known as: (A) the "Daily Numbers Game" or "Win
    11  4", discrete games in which the participants select no more  than  three
    12  or  four  of their own numbers to match with three or four numbers drawn
    13  by the division for purposes of determining winners of such  games,  (B)
    14  "Pick 10", offered no more than once daily, in which participants select
    15  from  a  specified  field  of  numbers  a subset of ten numbers to match
    16  against a subset of numbers to be drawn by the division from such  field
    17  of  numbers  for  the  purpose  of determining winners of such game, (C)
    18  "Take 5", offered no more than once daily, in which participants  select
    19  from  a  specified  field  of  numbers a subset of five numbers to match
    20  against a subset of five numbers to be drawn by the division  from  such
    21  field of numbers for purposes of determining winners of such game; or
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02775-01-9

        S. 589                              2
 
     1    §  2. The opening paragraph of paragraph 1 of subdivision b of section
     2  1612 of the tax law, as amended by chapter 174 of the laws of  2013,  is
     3  amended to read as follows:
     4    Notwithstanding  section  one  hundred twenty-one of the state finance
     5  law, on or before the twentieth day of each month,  the  division  shall
     6  pay  into  the  state  treasury, to the credit of the state lottery fund
     7  created by section ninety-two-c of the state finance law, not less  than
     8  [forty-five]  fifty  percent  of the total amount for which tickets have
     9  been sold for games defined in paragraph four of subdivision a  of  this
    10  section during the preceding month, not less than thirty-five percent of
    11  the  total  amount for which tickets have been sold for games defined in
    12  paragraph three of subdivision a of this section  during  the  preceding
    13  month,  not  less  than  [twenty]  forty percent of the total amount for
    14  which tickets have been sold for  games  defined  in  paragraph  two  of
    15  subdivision  a  of  this  section  during  the preceding month, provided
    16  however that for games with a prize payout of  seventy-five  percent  of
    17  the  total  amount  for which tickets have been sold, the division shall
    18  pay not less than ten percent of sales into the state treasury  and  not
    19  less than twenty-five percent of the total amount for which tickets have
    20  been  sold  for  games defined in paragraph one of subdivision a of this
    21  section during the preceding month; and the balance of the total revenue
    22  after payout for prizes for  games  known  as  "video  lottery  gaming,"
    23  including  any joint, multi-jurisdiction, and out-of-state video lottery
    24  gaming,
    25    § 3. This act shall take effect on the first of October next  succeed-
    26  ing the date on which it shall have become a law.
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