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Assembly Bill A4803

2023-2024 Legislative Session

Relates to payments in support of racing

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Archive: Last Bill Status - In Assembly Committee

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2023-A4803 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1355, RWB L
Versions Introduced in Other Legislative Sessions:
2015-2016: A6345
2017-2018: A4132
2019-2020: A3581
2021-2022: A1719

2023-A4803 (ACTIVE) - Summary

Relates to payments in support of racing; sets up a payment applicants must pay if they are issued a gaming facility license and they do not possess either a pari-mutuel wagering license or franchise award.

2023-A4803 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4803
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 23, 2023
                                ___________
 
 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 payments in support of racing
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (b) of subdivision  2  of  section  1355  of  the
 racing,  pari-mutuel wagering and breeding law, as added by section 1 of
 part LL of chapter 59 of the  laws  of  2021,  is  amended  to  read  as
 follows:
   (b) Beginning on March sixteenth, two thousand twenty and for all time
 thereafter,  the  licensee shall pay an amount to horsemen for purses at
 the licensed racetracks in the region AND IN THE CASE OF REGION FIVE ANY
 LICENSED RACETRACKS WITHIN SEVENTY-FIVE MILES OF THE LICENSEE'S  FACILI-
 TY,  and an amount to the agricultural and New York state horse breeding
 development fund and the New York state thoroughbred breeding and devel-
 opment fund that, in aggregate, shall be equal to the product  of  three
 and  eight-tenths  percent  multiplied  by the gross gaming revenue from
 slot machines of the licensee for the applicable calendar year, provided
 that such amount shall not exceed the amount paid  by  the  licensee  to
 such  horsemen  and  breeders  funds  for the full two thousand nineteen
 calendar year adjusted annually by the  lesser  of  (i)  consumer  price
 index  for  all  urban  consumers,  as  published annually by the United
 States department of labor bureau of labor statistics or  (ii)  two  and
 four-tenths  percent.  Of  the  amount  paid pursuant to this paragraph,
 eighty-seven percent will be paid to the horsemen and the remainder will
 be paid to the agricultural and New York state horse  breeding  develop-
 ment  fund  and the New York state thoroughbred breeding and development
 fund.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09418-01-3

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