Bill Text: NY A10080 | 2023-2024 | General Assembly | Introduced

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Bill Title: Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-05-03 - referred to racing and wagering [A10080 Detail]

Download: New_York-2023-A10080-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10080

                   IN ASSEMBLY

                                       May 3, 2024
                                       ___________

        Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
          Committee on Racing and Wagering

        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation  to  net  revenue  distributed  by regional off-track betting
          corporations

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision  2  of section 516 of the racing, pari-mutuel
     2  wagering and breeding law is amended by adding a new paragraph d to read
     3  as follows:
     4    d. Any net revenue distributed to  participating  counties  or  cities
     5  pursuant  to  paragraphs  a,  b, and c of this subdivision shall be used
     6  exclusively for real property tax relief.
     7    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15273-01-4