Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to ways and means |
Jan 19, 2021 |
referred to ways and means |
Assembly Bill A2605
2021-2022 Legislative Session
Sponsored By
WOERNER
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
Actions
co-Sponsors
Donna Lupardo
2021-A2605 (ACTIVE) - Details
2021-A2605 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2605 2021-2022 Regular Sessions I N A S S E M B L Y January 19, 2021 ___________ Introduced by M. of A. WOERNER, LUPARDO -- read once and referred to the Committee on Ways and Means 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. LBD01169-01-1
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