Bill Text: NY S04370 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to extending the disposition of off-track pools state tax to Saratoga county.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2015-09-25 - SIGNED CHAP.300 [S04370 Detail]

Download: New_York-2015-S04370-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4370
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    March 17, 2015
                                      ___________
       Introduced by Sen. MARCHIONE -- 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 racing, pari-mutuel wagering and  breeding  law,  in
         relation  to extending the disposition of off-track pools state tax to
         Saratoga county
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  opening paragraph of subdivision 1 of section 527 of
    2  the racing, pari-mutuel wagering and breeding law, as amended by chapter
    3  18 of the laws of 2008, is amended to read as follows:
    4    The disposition of the retained commission from pools  resulting  from
    5  regular,  multiple or exotic bets, as the case may be, whether placed on
    6  races run within a region or  outside  a  region,  conducted  by  racing
    7  corporations, harness racing associations or corporations, quarter horse
    8  racing associations or corporations or races run outside the state shall
    9  be governed by the tables in paragraphs a and b of this subdivision. The
   10  rate  denominated  "state  tax" shall represent the rate of a reasonable
   11  tax imposed upon the retained commission for the privilege of conducting
   12  off-track pari-mutuel betting, which tax is hereby levied and  shall  be
   13  payable  in the manner set forth in this section. Each off-track betting
   14  corporation shall pay to the racing and wagering board as  a  regulatory
   15  fee,  which fee is hereby levied, fifty hundredths of one percent of the
   16  total daily pools of such corporation. Each corporation shall  also  pay
   17  twenty  per  centum of the breaks derived from bets on harness races and
   18  fifty per centum of the breaks derived from bets on all other  races  to
   19  the  agriculture  and New York State horse breeding and development fund
   20  and to the thoroughbred breeding and development fund, the total of such
   21  payments to be apportioned fifty per centum to each such fund.  For  the
   22  purposes  of  this  section, the New York city, Suffolk, Nassau, and the
   23  Catskill regions shall constitute a single region and  any  thoroughbred
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09551-02-5
       S. 4370                             2
    1  track  located  within the Capital District region shall be deemed to be
    2  within such single region. A "regional meeting" shall  refer  to  either
    3  harness  or  thoroughbred  meetings,  or  both, except that a franchised
    4  corporation  shall  not be a regional track for the purpose of receiving
    5  distributions from bets on thoroughbred races conducted by  a  thorough-
    6  bred  track in the Catskill region conducting a mixed meeting.  With the
    7  exception of a harness racing association or corporation first  licensed
    8  to  conduct pari-mutuel wagering at a track located in Tioga OR SARATOGA
    9  county after January first, two thousand five, racing corporations first
   10  licensed to conduct pari-mutuel racing  after  January  first,  nineteen
   11  hundred  eighty-six or a harness racing association or corporation first
   12  licensed to conduct pari-mutuel wagering at a track located  in  Genesee
   13  County  after January first, two thousand five, and quarter horse tracks
   14  shall not be "regional tracks"; if there is more than one harness  track
   15  within  a region, such tracks shall evenly divide payments made pursuant
   16  to the tables in paragraphs a and b of  this  subdivision  when  neither
   17  track  is  running.  In  the event a track elects to reduce its retained
   18  percentage from any or all of its pari-mutuel pools, the payments to the
   19  track holding the race and the regional track required by  paragraphs  a
   20  and  b  of  this  subdivision  shall  be  reduced  in proportion to such
   21  reduction. Nothing in this section shall be construed to  authorize  the
   22  conduct  of off-track betting contrary to the provisions of section five
   23  hundred twenty-three of this article.
   24    S 2. This act shall take effect immediately.