Bill Text: NY A01523 | 2019-2020 | General Assembly | Introduced

Bill Title: Provides that the gaming commission may, at its discretion, authorize an increase to the free play limitation for individual video lottery facilities upon illustration of benefit to the state.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2019-01-15 - referred to ways and means [A01523 Detail]

Download: New_York-2019-A01523-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 15, 2019
        Introduced by M. of A. WOERNER -- Multi-Sponsored by -- M. of A. LUPARDO
          -- read once and referred to the Committee on Ways and Means
        AN  ACT to amend the tax law, in relation to the percentage of free play
          allowance credits
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Paragraph 3 of subdivision i of section 1617-a of the tax
     2  law, as amended by section 1 of part SS of chapter 60  of  the  laws  of
     3  2016, is amended to read as follows:
     4    (3) For each video lottery facility, the annual value of the free play
     5  allowance  credits  authorized  for use by the operator pursuant to this
     6  subdivision shall not exceed an amount equal to fifteen percent  of  the
     7  total  amount wagered on video lottery games after payout of prizes. The
     8  gaming commission shall establish procedures to assure  that  free  play
     9  allowance  credits  do  not exceed such amount.  However, the commission
    10  may, at the commission's discretion, authorize an increase to the  above
    11  limitation for individual video lottery facilities, upon illustration of
    12  benefit to the state.
    13    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.