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History
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to capital awards to vendor tracks
In Assembly Committee · Ways And Means · Sponsor John J. Bonacic
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9003
Title of bill
An act to amend the tax law, in relation to capital awards to vendor tracks
Purpose
The bill will allow the video lottery vendor track located at Monticello Raceway to participate in vendor's capital award.
Summary of provisions
Section 1 of the bill amends clause (H) of subparagraph (ii) of paragraph 1 of subdivision b of Section 1512 of the Tax Law as amended by section 1 of part 0-1 of Chapter 57 of the laws of 2009.
Section 2 of the bill provides for an immediate effective date.
Justification
Original legislation providing vendor's capital award at video lottery vendor tracks enacted contemplated that operations at the Monticello Raceway would be relocated to the former Concord Resort. As a result Monticello Raceway was excluded from participating in Vendor Capital Awards.
I has since been determined that Monticello Raceway will remain open as vendor facility. As a result it is appropriate that Monticello Raceway be permitted to participate in the Vendor Capital Awards to the same extent as any other vendor track.
Budget implications
Undetermined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.