S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1346
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 15, 2019
                                ___________
 
 Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to requiring unclaimed  lottery
   prizes to be paid into the state treasury
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision a of section 1614 of the tax law, as amended by
 chapter 170 of the laws of 1994, is amended to read as follows:
   a. No prize claim shall be valid if submitted to the division  follow-
 ing  the expiration of a one-year time period from the date of the draw-
 ing 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 enti-
 tlement  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 specified in this article, or  for  promo-
 tional  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 changes]
 PAID  INTO  THE  STATE TREASURY, TO THE CREDIT OF THE STATE LOTTERY FUND
 CREATED BY SECTION NINETY-TWO-C OF THE STATE FINANCE LAW.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04191-01-9