Bill Text: NY S06495 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 6495 (Prior Session Legislation)

Introduced

Bill Title: Authorizes a deduction of a marketing allowance equal to an amount up to eight percent of gross gaming revenue from slot machines for gaming facilities in region two.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO RACING, GAMING AND WAGERING [S06495 Detail]

Download: New_York-2019-S06495-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          6495

                               2019-2020 Regular Sessions

                    IN SENATE

                                      June 14, 2019
                                       ___________

        Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation  to  authorizing  a  deduction  of  a marketing allowance for
          certain gaming facilities

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

     1    Section  1.  Subdivision  2 of section 1351 of the racing, pari-mutuel
     2  wagering and breeding law is amended by adding a new  paragraph  (e)  to
     3  read as follows:
     4    (e)  A  gaming  facility in region two may deduct from the tax imposed
     5  pursuant to subdivision one of this section a marketing allowance  equal
     6  to  an  amount  up  to  eight  percent of gross gaming revenue from slot
     7  machines; provided, however, the  amount  of  such  marketing  allowance
     8  deducted  by such facility shall not decrease the amount payable by such
     9  gaming facility in any fiscal year below  the  amount  payable  by  such
    10  gaming  facility in the fiscal year ending March thirty-first, two thou-
    11  sand nineteen.
    12    § 2. This act shall take effect on the ninetieth day  after  it  shall
    13  have become a law.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13352-01-9