S07049 Summary:
BILL NO | S07049 |
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SAME AS | SAME AS A10092 |
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SPONSOR | BONACIC |
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COSPNSR | |
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MLTSPNSR | |
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Amd S1612, Tax L | |
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Extends certain provisions relating to capital awards to vendor tracks. |
S07049 Actions:
BILL NO | S07049 | |||||||||||||||||||||||||||||||||||||||||||||||||
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04/25/2012 | REFERRED TO RACING, GAMING AND WAGERING | |||||||||||||||||||||||||||||||||||||||||||||||||
05/22/2012 | REPORTED AND COMMITTED TO FINANCE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2012 | 1ST REPORT CAL.1070 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/06/2012 | 2ND REPORT CAL. | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2012 | ADVANCED TO THIRD READING | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2012 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2012 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
06/12/2012 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | substituted for a10092 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | ordered to third reading rules cal.362 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
08/27/2012 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
09/07/2012 | SIGNED CHAP.454 |
S07049 Floor Votes:
Yes
Abbate
Yes
Ceretto
Yes
Glick
Yes
Lentol
Yes
Murray
Yes
Ryan
Yes
Abinanti
Yes
Clark
Yes
Goldfeder
Yes
Lifton
Yes
Nolan
Yes
Saladino
Yes
Amedore
Yes
Colton
Yes
Goodell
Yes
Linares
Yes
Oaks
Yes
Sayward
Yes
Arroyo
ER
Conte
Yes
Gottfried
Yes
Lopez PD
Yes
O'Donnell
Yes
Scarborough
Yes
Aubry
Yes
Cook
Yes
Graf
Yes
Lopez VJ
Yes
Ortiz
Yes
Schimel
Yes
Barclay
Yes
Corwin
Yes
Gunther
Yes
Losquadro
Yes
Palmesano
Yes
Schimminger
Yes
Barrett
Yes
Crespo
Yes
Hanna
Yes
Lupardo
Yes
Paulin
Yes
Simanowitz
Yes
Barron
Yes
Crouch
Yes
Hawley
Yes
Magee
Yes
Peoples Stokes
Yes
Simotas
Yes
Benedetto
Yes
Curran
Yes
Heastie
Yes
Magnarelli
Yes
Perry
Yes
Skartados
Yes
Blankenbush
Yes
Cusick
Yes
Hevesi
Yes
Maisel
Yes
Pretlow
Yes
Smardz
ER
Boyland
Yes
Cymbrowitz
Yes
Hikind
Yes
Malliotakis
Yes
Quart
Yes
Stevenson
Yes
Boyle
Yes
DenDekker
Yes
Hooper
Yes
Markey
Yes
Ra
Yes
Sweeney
Yes
Braunstein
Yes
Dinowitz
Yes
Jacobs
Yes
Mayer
Yes
Rabbitt
Yes
Tedisco
Yes
Brennan
Yes
Duprey
Yes
Jaffee
Yes
McDonough
Yes
Raia
Yes
Tenney
Yes
Brindisi
Yes
Englebright
ER
Jeffries
Yes
McEneny
Yes
Ramos
Yes
Thiele
Yes
Bronson
Yes
Espinal
Yes
Johns
Yes
McKevitt
Yes
Reilich
Yes
Titone
Yes
Brook Krasny
Yes
Farrell
Yes
Jordan
Yes
McLaughlin
Yes
Reilly
Yes
Titus
Yes
Burling
Yes
Finch
ER
Katz
ER
Meng
Yes
Rivera J
Yes
Tobacco
Yes
Butler
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Miller D
Yes
Rivera N
Yes
Walter
Yes
Cahill
Yes
Friend
Yes
Kearns
Yes
Miller JM
Yes
Rivera PM
Yes
Weinstein
Yes
Calhoun
Yes
Gabryszak
Yes
Kellner
Yes
Miller MG
Yes
Roberts
Yes
Weisenberg
Yes
Camara
Yes
Galef
Yes
Kolb
Yes
Millman
Yes
Robinson
Yes
Weprin
Yes
Canestrari
Yes
Gantt
ER
Lancman
Yes
Montesano
Yes
Rodriguez
Yes
Wright
Yes
Castelli
Yes
Gibson
Yes
Latimer
Yes
Morelle
Yes
Rosenthal
Yes
Zebrowski
ER
Castro
Yes
Giglio
Yes
Lavine
Yes
Moya
Yes
Russell
Yes
Mr. Speaker
‡ Indicates voting via videoconference
S07049 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 7049 IN SENATE April 25, 2012 ___________ Introduced by Sen. BONACIC -- 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 capital awards to vendor tracks The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Clause (H) of subparagraph (ii) of paragraph 1 of subdivi- 2 sion b of section 1612 of the tax law, as amended by section 6 of part K 3 of chapter 57 of the laws of 2010, is amended to read as follows: 4 (H) notwithstanding clauses (A), (B), (C), (D), (E), (F) and (G) of 5 this subparagraph, the track operator of a vendor track shall be eligi- 6 ble for a vendor's capital award of up to four percent of the total 7 revenue wagered at the vendor track after payout for prizes pursuant to 8 this chapter, which shall be used exclusively for capital project 9 investments to improve the facilities of the vendor track which promote 10 or encourage increased attendance at the video lottery gaming facility 11 including, but not limited to hotels, other lodging facilities, enter- 12 tainment facilities, retail facilities, dining facilities, events 13 arenas, parking garages and other improvements that enhance facility 14 amenities; provided that such capital investments shall be approved by 15 the division, in consultation with the state racing and wagering board, 16 and that such vendor track demonstrates that such capital expenditures 17 will increase patronage at such vendor track's facilities and increase 18 the amount of revenue generated to support state education programs. The 19 annual amount of such vendor's capital awards that a vendor track shall 20 be eligible to receive shall be limited to two million five hundred 21 thousand dollars, except for Aqueduct racetrack, for which there shall 22 be no vendor's capital awards. Except for tracks having less than one 23 thousand one hundred video gaming machines, each track operator shall be 24 required to co-invest an amount of capital expenditure equal to its 25 cumulative vendor's capital award. For all tracks, except for Aqueduct 26 racetrack, the amount of any vendor's capital award that is not used 27 during any one year period may be carried over into subsequent years EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15440-01-2S. 7049 2 1 ending before April first, two thousand [thirteen] fourteen. Any amount 2 attributable to a capital expenditure approved prior to April first, two 3 thousand [thirteen] fourteen and completed before April first, two thou- 4 sand [fifteen] sixteen shall be eligible to receive the vendor's capital 5 award. In the event that a vendor track's capital expenditures, approved 6 by the division prior to April first, two thousand [thirteen] fourteen 7 and completed prior to April first, two thousand [fifteen] sixteen, 8 exceed the vendor track's cumulative capital award during the five year 9 period ending April first, two thousand [thirteen] fourteen, the vendor 10 shall continue to receive the capital award after April first, two thou- 11 sand [thirteen] fourteen until such approved capital expenditures are 12 paid to the vendor track subject to any required co-investment. In no 13 event shall any vendor track that receives a vendor fee pursuant to 14 clause (F) or (G) of this subparagraph be eligible for a vendor's capi- 15 tal award under this section. Any operator of a vendor track which has 16 received a vendor's capital award, choosing to divest the capital 17 improvement toward which the award was applied, prior to the full depre- 18 ciation of the capital improvement in accordance with generally accepted 19 accounting principles, shall reimburse the state in amounts equal to the 20 total of any such awards. Any capital award not approved for a capital 21 expenditure at a video lottery gaming facility by April first, two thou- 22 sand [thirteen] fourteen shall be deposited into the state lottery fund 23 for education aid; and 24 § 2. This act shall take effect immediately.