Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to racing, gaming and wagering |
Mar 06, 2019 |
reported and committed to finance |
Jan 29, 2019 |
referred to racing, gaming and wagering |
Senate Bill S2711
2019-2020 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering 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
Votes
co-Sponsors
(D) 15th Senate District
2019-S2711 (ACTIVE) - Details
2019-S2711 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2711 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the tax law, in relation to requiring unclaimed lottery prizes to be paid into the state treasury SUMMARY OF PROVISIONS: Section one amends subdivision (a) of section 1614 of the tax law to require unclaimed lottery winnings to be paid into the state treasury fund for education after the one year waiting period. Section 2 sets the effective date. JUSTIFICATION: The voters of New York amended the State Constitution in 1967 to allow for a state lottery to support public education within the state. However, state aid to education funding has been severely restricted
2019-S2711 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2711 2019-2020 Regular Sessions I N S E N A T E January 29, 2019 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing 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
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