Bill Text: NY A06124 | 2015-2016 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Vetoed) 2016-08-19 - tabled [A06124 Detail]

Download: New_York-2015-A06124-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6124--B
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                     March 16, 2015
                                       ___________
        Introduced  by  M.  of A. PRETLOW, McDONALD -- read once and referred to
          the Committee on Racing and Wagering  --  committee  discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee -- recommitted to the Committee on Racing and Wagering in  accord-
          ance  with  Assembly  Rule  3,  sec.  2  -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to contribution requirements for the capital acquisition fund
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision 1 of section 509-a of the racing, pari-mutuel
     2  wagering and breeding law, as added by chapter 681 of the laws of  1989,
     3  is amended to read as follows:
     4    (1)  no  contribution  shall  exceed  the amount of one percent of the
     5  total pari-mutuel wagering pools for the quarter in which  the  contrib-
     6  ution  is made; provided, however that three quarters of the one percent
     7  shall be used by the corporation for any corporate purpose;
     8    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09871-03-6