Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 08, 2020 |
referred to racing, gaming and wagering |
Feb 15, 2019 |
referred to racing, gaming and wagering |
Senate Bill S3812
2019-2020 Legislative Session
Sponsored By
(R, C, IP) 54th 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
2019-S3812 (ACTIVE) - Details
2019-S3812 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3812 SPONSOR: HELMING TITLE OF BILL: An act to amend the tax law, in relation to the percentage of free play allowance credits PURPOSE: This bill would allow for parity of free play levels between video lottery terminal facilities and commercial casinos when a free play allowance increase is given to a commercial casino within its respective market. SUMMARY OF PROVISIONS: Section 1 amends section 1617-a of the tax law to provide that the Commissioner of Taxation and Finance, at the New York State Gaming Commission's discretion, may authorize an increase in the current limi- tation for individual video lottery facilities, upon illustration of benefit to the state.
2019-S3812 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3812 2019-2020 Regular Sessions I N S E N A T E February 15, 2019 ___________ Introduced by Sen. HELMING -- 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 the percentage of free play allowance credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subdivision i of section 1617-a of the tax law, as amended by section 1 of part SS of chapter 60 of the laws of 2016, is amended to read as follows: (3) For each video lottery facility, the annual value of the free play allowance credits authorized for use by the operator pursuant to this subdivision shall not exceed an amount equal to fifteen percent of the total amount wagered on video lottery games after payout of prizes. The gaming commission shall establish procedures to assure that free play allowance credits do not exceed such amount. HOWEVER, THE COMMISSION MAY, AT THE COMMISSION'S DISCRETION, AUTHORIZE AN INCREASE TO THE ABOVE LIMITATION FOR INDIVIDUAL VIDEO LOTTERY FACILITIES, UPON ILLUSTRATION OF BENEFIT TO THE STATE. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01234-01-9
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