Assembly Bill A8363

2019-2020 Legislative Session

Authorizes a deduction of a marketing allowance for certain gaming facilities

download bill text pdf

Sponsored By

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

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2019-A8363 (ACTIVE) - Details

See Senate Version of this Bill:
S6495
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1351, RWB L
Versions Introduced in 2021-2022 Legislative Session:
A364

2019-A8363 (ACTIVE) - Summary

Authorizes a deduction of a marketing allowance equal to an amount up to eight percent of gross gaming revenue from slot machines for gaming facilities in region two.

2019-A8363 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8363
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 15, 2019
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  authorizing  a  deduction  of  a marketing allowance for
   certain gaming facilities
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2 of section 1351 of the racing, pari-mutuel
 wagering and breeding law is amended by adding a new  paragraph  (e)  to
 read as follows:
   (E)  A  GAMING  FACILITY IN REGION TWO MAY DEDUCT FROM THE TAX IMPOSED
 PURSUANT TO SUBDIVISION ONE OF THIS SECTION A MARKETING ALLOWANCE  EQUAL
 TO  AN  AMOUNT  UP  TO  EIGHT  PERCENT OF GROSS GAMING REVENUE FROM SLOT
 MACHINES; PROVIDED, HOWEVER, THE  AMOUNT  OF  SUCH  MARKETING  ALLOWANCE
 DEDUCTED  BY SUCH FACILITY SHALL NOT DECREASE THE AMOUNT PAYABLE BY SUCH
 GAMING FACILITY IN ANY FISCAL YEAR BELOW  THE  AMOUNT  PAYABLE  BY  SUCH
 GAMING  FACILITY IN THE FISCAL YEAR ENDING MARCH THIRTY-FIRST, TWO THOU-
 SAND NINETEEN.
   § 2. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13352-01-9

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