Bill Text: NY S04601 | 2021-2022 | General Assembly | Introduced

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Bill Title: Permits a potential lottery winner who lost their ticket to claim the winning amount provided that such person shows the lottery agency documentary proof of purchase of the winning ticket within five years of the winning date.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO RACING, GAMING AND WAGERING [S04601 Detail]

Download: New_York-2021-S04601-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4601

                               2021-2022 Regular Sessions

                    IN SENATE

                                    February 5, 2021
                                       ___________

        Introduced  by  Sen. SANDERS -- 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 permitting a potential
          lottery winner who lost their ticket to claim the winning amount

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The  section  heading  of section 1614 of the tax law, as
     2  amended by chapter 166 of the laws  of  1991,  is  amended  to  read  as
     3  follows:
     4    Unclaimed and abandoned prize money; lost lottery ticket claims.
     5    § 2. The opening paragraph of subdivision a of section 1614 of the tax
     6  law,  as  amended  by section 3 of subpart D of part DD of chapter 59 of
     7  the laws of 2019, is amended and a new subdivision c is added to read as
     8  follows:
     9    No prize claim shall be valid if submitted to the commission following
    10  the expiration of a one-year time period from the date of the drawing or
    11  from the close of the game in which a prize  was  won,  and  the  person
    12  otherwise  entitled to such prize shall forfeit any claim or entitlement
    13  to such prize moneys, unless such prize claim is submitted  pursuant  to
    14  subdivision  c  of  this section.   Unclaimed prize money, plus interest
    15  earned thereon, shall be retained in the lottery  prize  account  to  be
    16  used  for  payment of special lotto or supplemental lotto prizes offered
    17  pursuant to the plan or plans specified in this article, or  for  promo-
    18  tional  purposes to supplement other games on an occasional basis not to
    19  exceed sixteen weeks within any twelve month period pursuant to the plan
    20  or plans specified in this article.
    21    c. Notwithstanding subdivision a of this section, a prize claim for  a
    22  person  who  lost  his  or her ticket shall be valid if submitted to the
    23  commission with documentary proof of purchase  of  such  winning  ticket
    24  within  five years from the date of the drawing or from the close of the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08881-01-1
        S. 4601                             2

     1  game in which a prize was won. Upon a showing of such proof, the commis-
     2  sion shall promptly make payment of the prize claim to such person.
     3    § 3. This act shall take effect immediately.