Senate Bill S4415

2015-2016 Legislative Session

Creates the responsible retirement of racehorses fund; horse registration fee

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance 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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2015-S4415 (ACTIVE) - Details

See Assembly Version of this Bill:
A5342
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Add §95-h, St Fin L; amd §330, RWB L; add §380, Ag & Mkts L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8997
2017-2018: S2473, A4220
2019-2020: S4287, A894
2021-2022: A5734
2023-2024: A3815

2015-S4415 (ACTIVE) - Summary

Creates the responsible retirement of racehorses fund; establishes a horse registration fee; provides such funds be expended to support responsible retirement of racehorses in this state.

2015-S4415 (ACTIVE) - Sponsor Memo

2015-S4415 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4415

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 19, 2015
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the state finance law, in relation to  the  creation  of
  the  responsible  retirement  of racehorses fund; to amend the racing,
  pari-mutuel wagering and breeding law, in relation to a  horse  regis-
  tration fee; and to amend the agriculture and markets law, in relation
  to the responsible retirement of racehorses

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The state finance law is amended by adding  a  new  section
95-h to read as follows:
  S  95-H. RESPONSIBLE RETIREMENT OF RACEHORSES FUND. 1. THERE IS HEREBY
ESTABLISHED IN THE SOLE CUSTODY OF  THE  COMMISSIONER  OF  TAXATION  AND
FINANCE  A  SPECIAL  FUND  TO BE KNOWN AS THE "RESPONSIBLE RETIREMENT OF
RACEHORSES FUND". MONIES IN THE FUND SHALL BE KEPT SEPARATE FROM AND NOT
COMMINGLED WITH OTHER FUNDS HELD IN THE SOLE CUSTODY OF THE COMMISSIONER
OF TAXATION AND FINANCE.
  2. (A) SUCH FUND SHALL CONSIST OF ALL REVENUES RECEIVED BY THE DEPART-
MENT OF TAXATION AND FINANCE PURSUANT TO PARAGRAPH (B) OF THIS  SUBDIVI-
SION  AND ALL OTHER MONEY APPROPRIATED, CREDITED, OR TRANSFERRED THERETO
FROM ANY OTHER FUND OR SOURCE PURSUANT TO LAW.  NOTHING CONTAINED HEREIN
SHALL PREVENT THE STATE FROM RECEIVING GRANTS, GIFTS OR BEQUESTS FOR THE
PURPOSES OF THE FUND AS DEFINED IN THIS SECTION AND DEPOSITING THEM INTO
THE FUND ACCORDING TO LAW.
  (B) THE SOURCES OF THE "RESPONSIBLE  RETIREMENT  OF  RACEHORSES  FUND"
SHALL BE AS FOLLOWS:
  (I)  ONE-HALF  OF  ONE  PERCENT  OF THE COMMISSIONS FROM VIDEO LOTTERY
GAMING REVENUE FROM NEW YORK'S TRACKS AND RESORTS WORLD CASINO NEW  YORK
CITY  AND  ANY  VIDEO LOTTERY GAMING ADDED AFTER THIS SECTION SHALL HAVE
BECOME A LAW;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03915-03-5

              

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