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History
- Referred to racing, gaming and wagering
Full text
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Title of bill
An act to amend the tax law, in relation to the disposition of revenue from the lottery prize account
Summary of provisions
This bill decreases, by five percent, the amount of money which will go toward lottery prizes and increases, by five percent, the amount which goes to education. These changes apply to the "Daily Numbers Game", "Win 4", "Pick 10", "Take 5" and "Lotto" games.
Justification
State aid to education funding has been severely restricted over the past few years. Through a small change in the percentage of lottery money going to education, we can increase state aid while not affecting the performance of the lottery system.
Effective date
This act shall take effect on the first of October next succeeding the date on which it shall have . become a law, provided, however, that the amendments to section 1612 of the tax law made by section one of this act shall not affect the expiration of any of the provisions of such section, and shall be deemed to expire therewith.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.