| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| 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
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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