Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 04, 2010 |
referred to ways and means |
Assembly Bill A11687
2009-2010 Legislative Session
Sponsored By
DENDEKKER
Archive: Last 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
Actions
co-Sponsors
Jeffrion Aubry
Michael G. Miller
2009-A11687 (ACTIVE) - Details
2009-A11687 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 11687 I N A S S E M B L Y August 4, 2010 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. DenDekker, Aubry, M. Miller) -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to payment of winning lottery tickets THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1614 of the tax law, as amended by chapter 166 of the laws of 1991, subdivision a as amended by chapter 170 of the laws of 1994, is amended to read as follows: S 1614. Unclaimed and abandoned prize money. a. No prize claim shall be valid if submitted to the division following the expiration of a one-year time period from the date of the drawing or from the close of the game in which a prize was won, and the person otherwise entitled to such prize shall forfeit any claim or entitlement to such prize moneys. Unclaimed prize money, plus interest earned thereon, shall be retained in the lottery prize account to be used for payment of special lotto or supplemental lotto prizes offered pursuant to the plan or plans speci- fied in this article, or for promotional purposes to supplement other games on an occasional basis not to exceed sixteen weeks within any twelve month period pursuant to the plan or plans specified in this article. NOTWITHSTANDING ANY INCONSISTENT PROVISION OF ANY OTHER LAW, RULE OR REGULATION, ALL WINNING TICKETS VALUED AT SIX HUNDRED DOLLARS OR LESS PRESENTED FOR PAYMENT WITHIN THE EXPIRATION OF A ONE-YEAR TIME PERIOD FROM THE DATE OF THE DRAWING OR FROM THE CLOSE OF THE GAME IN WHICH A PRIZE WAS WON SHALL BE PAID BY THE LOTTERY SALES AGENT PRESENTED WITH SUCH TICKET. In the event that the director proposes to change any plan for the use of unclaimed prize funds or in the event the director intends to use funds in a game other than the game from which such unclaimed prize funds were derived, the director of the budget, the chairperson of the senate finance committee, and the chairperson of the assembly ways and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD18027-01-0
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