Authorizes a deduction of a marketing allowance equal to an amount up to eight percent of gross gaming revenue from slot machines for gaming facilities in region two.
STATE OF NEW YORK
________________________________________________________________________
6495
2019-2020 Regular Sessions
IN SENATE
June 14, 2019
___________
Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to authorizing a deduction of a marketing allowance for
certain gaming facilities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 2 of section 1351 of the racing, pari-mutuel
2 wagering and breeding law is amended by adding a new paragraph (e) to
3 read as follows:
4 (e) A gaming facility in region two may deduct from the tax imposed
5 pursuant to subdivision one of this section a marketing allowance equal
6 to an amount up to eight percent of gross gaming revenue from slot
7 machines; provided, however, the amount of such marketing allowance
8 deducted by such facility shall not decrease the amount payable by such
9 gaming facility in any fiscal year below the amount payable by such
10 gaming facility in the fiscal year ending March thirty-first, two thou-
11 sand nineteen.
12 § 2. This act shall take effect on the ninetieth day after it shall
13 have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13352-01-9
