Legislation
SECTION 1618
Special drawings
Tax (TAX) CHAPTER 60, ARTICLE 34
§ 1618. Special drawings. a. General. The division may hold special
prize drawings each of which shall guarantee as a first prize to the
winner or winners an amount of not less than fifty million dollars,
including interest, such prize to be paid in a manner which the director
shall determine.
b. Reports. The division shall produce and issue a report, in such
format as the director may prescribe, no more than sixty days after a
prize drawing is held pursuant to subdivision a of this section. Such
report shall include at a minimum the following information pertaining
to such drawing: (1) sales revenue and prize distributions to include
amounts available for future special drawings, (2) administrative costs
paid or otherwise payable or distributed to agents, vendors and
contractors, (3) an analysis of the effect on sales of other game
drawings held during the period of time that tickets for a special prize
drawing were available to the public. A copy of such report will be
provided to the director of the budget, the chairman of the senate
finance committee and the chairman of the assembly ways and means
committee.
prize drawings each of which shall guarantee as a first prize to the
winner or winners an amount of not less than fifty million dollars,
including interest, such prize to be paid in a manner which the director
shall determine.
b. Reports. The division shall produce and issue a report, in such
format as the director may prescribe, no more than sixty days after a
prize drawing is held pursuant to subdivision a of this section. Such
report shall include at a minimum the following information pertaining
to such drawing: (1) sales revenue and prize distributions to include
amounts available for future special drawings, (2) administrative costs
paid or otherwise payable or distributed to agents, vendors and
contractors, (3) an analysis of the effect on sales of other game
drawings held during the period of time that tickets for a special prize
drawing were available to the public. A copy of such report will be
provided to the director of the budget, the chairman of the senate
finance committee and the chairman of the assembly ways and means
committee.