Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 04, 2012 |
referred to investigations and government operations |
Apr 14, 2011 |
referred to investigations and government operations |
Senate Bill S4682
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
2011-S4682 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1614, Tax L
- Versions Introduced in 2009-2010 Legislative Session:
-
S1675
2011-S4682 (ACTIVE) - Summary
Provides that unclaimed prize money for the prize on a winning ticket shall be retained by the division of the lottery for payment to the person entitled thereto for not less than six months after the drawing or after the close of the game in which the prize was won; provides that if no claim is made within such time period an amount equivalent to the prize amount shall be used to provide additional moneys to the state lottery fund for the purpose of providing aid to pupils with special educational needs.
2011-S4682 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4682 TITLE OF BILL: An act to amend the tax law, in relation to unclaimed and abandoned prize money SUMMARY OF PROVISIONS: This bill amends §1614 of the Tax Law, as amended by Chapter 166 of the Laws of 1991 and subdivision (a) as amended by Chapter 170 of the Laws of 1994. This bill repeals the 1994 amendment to subdivision (a) which limited the use of unclaimed prize money to special or supplemental prize money, or for use in promotions of other games. The bill adds subdivision (b) to place, after 6 months, unclaimed prize moneys in the state lottery fund for the purpose of providing aid to pupils (with special educational needs and with handicapping conditions), as set forth in item (ii) of subdivision three of §92-c of the State Finance Law. The bill further provides that in the event a valid prize claim is made more than 6 months, but less than one year, from the date of the drawing or from the close of the game in which the prize was won, the division will pay the claim notwithstanding the provision transferring funds to the state lottery fund. If, at the time the claim is paid, the prize amount has already been transferred to the state lottery fund then the claims are to be paid from funds as are available in the lottery prize account and a like amount is to be
2011-S4682 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4682 2011-2012 Regular Sessions I N S E N A T E April 14, 2011 ___________ Introduced by Sen. FLANAGAN -- 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 unclaimed and abandoned prize money 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 and 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. 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 means committee shall be notified in writing separately detailing the proposed changes to any plan prior to the implementation of the chang- es.] EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10814-01-1
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