Bill Text: NY A08416 | 2019-2020 | General Assembly | Introduced


Bill Title: Adjusts the tax rate on gaming revenues in region one, and requires gaming facilities to maintain the number of full-time equivalent employees as they employed in the year two thousand nineteen.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-06-16 - referred to ways and means [A08416 Detail]

Download: New_York-2019-A08416-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          8416

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      June 16, 2019
                                       ___________

        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation to adjusting the tax on gaming revenues in region one

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

     1    Section 1. Paragraph (b) of subdivision  1  of  section  1351  of  the
     2  racing,  pari-mutuel  wagering and breeding law, as added by chapter 174
     3  of the laws of 2013, is amended to read as follows:
     4    (b) in region one, [thirty-nine] thirty-seven percent of gross  gaming
     5  revenue  from  slot machines provided, however, such gaming facility, as
     6  defined in section thirteen hundred one of this article, has  maintained
     7  the number of full-time equivalent employees as  they  employed  in  the
     8  year two thousand nineteen, and ten percent of gross gaming revenue from
     9  all other sources.
    10    §  2. This act shall take effect on the first of January next succeed-
    11  ing the date on which it shall have become a law.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13416-01-9
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