Bill Text: NY A08207 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to operational expenses of certain gaming facilities.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A08207 Detail]
Download: New_York-2019-A08207-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8207 2019-2020 Regular Sessions IN ASSEMBLY June 7, 2019 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to operational expenses of certain gaming facilities; and to amend part I of chapter 61 of the laws of 2017 amending the tax law relating to operational expenses of certain gaming facilities, in relation to extending the provisions of such part The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (i) of paragraph 1 of subdivision b of section 2 1612 of the tax law, as amended by section 1 of part I of chapter 61 of 3 the laws of 2017, is amended to read as follows: 4 (i) less ten percent of the total revenue wagered after payout for 5 prizes to be retained by the division for operation, administration, and 6 procurement purposes, provided, however, a vendor track located within 7 Oneida county, within fifteen miles of a Native American class III 8 gaming facility, that has maintained at least ninety percent of full- 9 time equivalent employees as they employed in the year two thousand 10 sixteen, may withhold up to seventy-five percent of such funds for oper- 11 ational expenses [upon a determination by the gaming commission that12such funds are necessary to sustain operation of such vendor track], and 13 provided further, however, that the maximum vendor fee for such vendor 14 track shall not exceed the vendor fee that such vendor track received 15 during state fiscal year two thousand fourteen--two thousand fifteen as 16 such fee is adjusted for horsemen's share, marketing expenses, capital 17 awards and administrative fees; 18 § 2. Section 3 of part I of chapter 61 of the laws of 2017 amending 19 the tax law relating to operational expenses of certain gaming facili- 20 ties, is amended to read as follows: 21 § 3. This act shall take effect immediately and shall expire and be 22 deemed repealed [two years after such date] March 31, 2021. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11912-04-9A. 8207 2 1 § 3. This act shall take effect immediately; provided that the amend- 2 ments to subparagraph (i) of paragraph 1 of subdivision b of section 3 1612 of the tax law made by section one of this act shall not affect the 4 expiration of such subparagraph and shall be deemed to expire therewith.