Bill Text: NY S02734 | 2021-2022 | General Assembly | Introduced

New York Senate Bill 2734 (Prior Session Legislation)

Introduced

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-03-09 - REPORTED AND COMMITTED TO FINANCE [S02734 Detail]

Download: New_York-2021-S02734-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________

                                          2734

                               2021-2022 Regular Sessions

                    IN SENATE

                                    January 25, 2021
                                       ___________

        Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations

        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 chapter 174 of the laws of 2013, are  amended  to
     3  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
    22    § 2. The opening paragraph of paragraph 1 of subdivision b of  section
    23  1612  of the tax law, as amended by section 2 of subpart D of part DD of
    24  chapter 59 of the laws of 2019, is amended to read as follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06916-01-1

        S. 2734                             2

     1    Notwithstanding section one hundred twenty-one of  the  state  finance
     2  law,  on or before the twentieth day of each month, the commission shall
     3  pay into the state treasury, to the credit of  the  state  lottery  fund
     4  created  by section ninety-two-c of the state finance law, not less than
     5  [forty-five]  fifty  percent  of the total amount for which tickets have
     6  been sold for games defined in paragraph five of subdivision a  of  this
     7  section  during  the  preceding  month, not less than [forty-five] fifty
     8  percent of the total amount for which tickets have  be  sold  for  games
     9  defined  in  paragraph  four of subdivision a of this section during the
    10  preceding month, not less than thirty-five percent of the  total  amount
    11  for which tickets have been sold for games defined in paragraph three of
    12  subdivision  a of this section during the preceding month, not less than
    13  [twenty and three-fourths] forty percent of the total amount  for  which
    14  tickets have been sold for games defined in paragraph two of subdivision
    15  a  of this section during the preceding month, provided however that for
    16  games with a prize payout of seventy-four and one-fourth percent of  the
    17  total  amount for which tickets have been sold, the commission shall pay
    18  not less than ten and three-fourths percent  of  sales  into  the  state
    19  treasury  and  not less than twenty-five percent of the total amount for
    20  which tickets have been sold for  games  defined  in  paragraph  one  of
    21  subdivision  a  of  this  section  during  the  preceding month; and the
    22  balance of the total revenue after payout for prizes for games known  as
    23  "video  lottery  gaming,"  including  any joint, multi-jurisdiction, and
    24  out-of-state video lottery 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.