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 - Dead) 2020-01-08 - 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