Assembly Bill A10080

2023-2024 Legislative Session

Relates to net revenue distributed by regional off-track betting corporations

download bill text pdf

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Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A10080 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §516, RWB L

2023-A10080 (ACTIVE) - Summary

Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.

2023-A10080 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10080
 
                           I N  A S S E M B L Y
 
                                May 3, 2024
                                ___________
 
 Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
   Committee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  net  revenue  distributed  by regional off-track betting
   corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision  2  of section 516 of the racing, pari-mutuel
 wagering and breeding law is amended by adding a new paragraph d to read
 as follows:
   D. ANY NET REVENUE DISTRIBUTED TO  PARTICIPATING  COUNTIES  OR  CITIES
 PURSUANT  TO  PARAGRAPHS  A,  B, AND C OF THIS SUBDIVISION SHALL BE USED
 EXCLUSIVELY FOR REAL PROPERTY TAX RELIEF.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15273-01-4

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