Bill Text: NY A01346 | 2019-2020 | General Assembly | Introduced

Bill Title: Requires unclaimed lottery prizes to be paid into the state treasury, to the credit of the state lottery fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-01-15 - referred to ways and means [A01346 Detail]

Download: New_York-2019-A01346-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 15, 2019
        Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
          Committee on Ways and Means
        AN ACT to amend the tax law, in relation to requiring unclaimed  lottery
          prizes to be paid into the state treasury
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision a of section 1614 of the tax law, as amended by
     2  chapter 170 of the laws of 1994, is amended to read as follows:
     3    a. No prize claim shall be valid if submitted to the division  follow-
     4  ing  the expiration of a one-year time period from the date of the draw-
     5  ing or from the close of the game in which a  prize  was  won,  and  the
     6  person otherwise entitled to such prize shall forfeit any claim or enti-
     7  tlement  to  such  prize  moneys.  Unclaimed  prize money, plus interest
     8  earned thereon, shall be [retained in the lottery prize  account  to  be
     9  used  for  payment of special lotto or supplemental lotto prizes offered
    10  pursuant to the plan or plans specified in this article, or  for  promo-
    11  tional  purposes to supplement other games on an occasional basis not to
    12  exceed sixteen weeks within any twelve month period pursuant to the plan
    13  or plans specified in this article.
    14    In the event that the director proposes to change any plan for the use
    15  of unclaimed prize funds or in the event the  director  intends  to  use
    16  funds  in  a  game  other  than the game from which such unclaimed prize
    17  funds were derived, the director of the budget, the chairperson  of  the
    18  senate  finance  committee, and the chairperson of the assembly ways and
    19  means committee shall be notified in writing  separately  detailing  the
    20  proposed changes to any plan prior to the implementation of the changes]
    21  paid  into  the  state treasury, to the credit of the state lottery fund
    22  created by section ninety-two-c of the state finance law.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.