Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to racing, gaming and wagering |
Feb 05, 2021 |
referred to racing, gaming and wagering |
Senate Bill S4601
2021-2022 Legislative Session
Sponsored By
(D) 10th 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
2021-S4601 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7318
- Current Committee:
- Senate Racing, Gaming And Wagering
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1614, Tax L
- Versions Introduced in 2023-2024 Legislative Session:
-
S4726, A2678
2021-S4601 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4601 SPONSOR: SANDERS TITLE OF BILL: An act to amend the tax law, in relation to permitting a potential lottery winner who lost their ticket to claim the winning amount PURPOSE OR GENERAL IDEA OF BILL: This Bill would allow a potential lottery winner to claim the winning amount by providing proof of purchase of the winning lottery ticket. SUMMARY OF PROVISIONS: This Bill would allow a potential lottery winner to claim the winning amount by providing proof of purchase of the winning lottery ticket within five years of the winning date. JUSTIFICATION:
2021-S4601 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4601 2021-2022 Regular Sessions I N S E N A T E February 5, 2021 ___________ Introduced by Sen. SANDERS -- 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 permitting a potential lottery winner who lost their ticket to claim the winning amount THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The section heading of section 1614 of the tax law, as amended by chapter 166 of the laws of 1991, is amended to read as follows: Unclaimed and abandoned prize money; LOST LOTTERY TICKET CLAIMS. § 2. The opening paragraph of subdivision a of section 1614 of the tax law, as amended by section 3 of subpart D of part DD of chapter 59 of the laws of 2019, is amended and a new subdivision c is added to read as follows: No prize claim shall be valid if submitted to the commission following the expiration of a one-year time period from the date of the drawing 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 entitlement to such prize moneys, UNLESS SUCH PRIZE CLAIM IS SUBMITTED PURSUANT TO SUBDIVISION C OF THIS SECTION. 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. C. NOTWITHSTANDING SUBDIVISION A OF THIS SECTION, A PRIZE CLAIM FOR A PERSON WHO LOST HIS OR HER TICKET SHALL BE VALID IF SUBMITTED TO THE COMMISSION WITH DOCUMENTARY PROOF OF PURCHASE OF SUCH WINNING TICKET WITHIN FIVE YEARS FROM THE DATE OF THE DRAWING OR FROM THE CLOSE OF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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