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 - Dead) 2020-01-08 - referred to ways and means [A01523 Detail]
Download: New_York-2019-A01523-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1523 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. LBD01234-01-9