Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to racing and wagering |
Jan 26, 2021 |
referred to racing and wagering |
Assembly Bill A3439
2021-2022 Legislative Session
Sponsored By
PRETLOW
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
2021-A3439 (ACTIVE) - Details
2021-A3439 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3439 2021-2022 Regular Sessions I N A S S E M B L Y January 26, 2021 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Racing and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to disclosing certain information prior to qualifying for any deduction in taxation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that the intent of the upstate New York gaming economic devel- opment act of 2013 was to aid the economic development of upstate New York by increasing employment opportunities and investment into these host communities. The legislature further finds that public resources ought not be used to assist gaming facilities. Any assistance to gaming facilities must be conditioned on full financial disclosure and an inde- pendent audit of the gaming facilities in order to show how this assist- ance would be necessary to benefit and protect the workforce of the gaming facilities and the host municipality and nearby municipalities of each gaming facility. Any assistance shall prevent self-dealing by the officers and shareholders of the gaming facility and shall not be utilized to unduly benefit or enrich the officers, shareholders, inves- tors, and lenders of any gaming facility, its holding company, interme- diary companies, subsidiaries, or affiliates. § 2. Section 1351 of the racing, pari-mutuel wagering and breeding law is amended by adding 3 new subdivisions 3, 4 and 5 to read as follows: 3. BEFORE BEING ELIGIBLE TO APPLY FOR AND QUALIFY FOR ANY DEDUCTION IN TAXES UNDER THIS SECTION, OR ANY OTHER PUBLIC ASSISTANCE OR BENEFITS, A GAMING FACILITY SHALL DISCLOSE THE FOLLOWING INFORMATION TO THE COMMIS- SION: (A) THE NAMES AND PAYMENTS MADE TO ALL CASINO KEY EMPLOYEES IN EXCESS OF ONE HUNDRED THOUSAND DOLLARS FOR CALENDAR YEAR TWO THOUSAND NINETEEN TO PRESENT; (B) THE NAMES AND PAYMENTS MADE TO ALL INDEPENDENT CONTRACTORS IN EXCESS OF ONE HUNDRED THOUSAND DOLLARS FOR CALENDAR YEAR TWO THOUSAND NINETEEN TO PRESENT;
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