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Sponsors
No co-sponsors yet.
History
- Referred to rules
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 the payment of winning lottery tickets
In Assembly Committee · Ways And Means · Sponsor Michael DenDekker
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8455
Title of bill
An act to amend the tax law, in relation to payment of winning lottery tickets
Purpose or general idea of bill
The purpose of the bill is to require New York State lottery sales agents to pay any valid winning lottery ticket valued at six hundred dollars or less within one year from the date of the drawing or from the close of the game.
Summary of specific provisions
Section 1614 of the tax law is amended by chapter 166 of the laws of 1991, subdivision (a) is amended by chap- ter 170 of the laws of 1994, is amended to read as follows: Notwith- standing any inconsistent provision of any other law, rule or regu- lation, all winning tickets valued at six hundred dollars or less presented for payment within the expiration of a one-year time period from the date of the drawing or from the close of the game in which a prize was won shall be paid by the lottery sales agent presented with such ticket.
Justification
Currently, lottery sales agents that are presented with a winning ticket valued under six hundred dollars will only pay the winner if the ticket is presented within 45 days of the drawing or close of the game. Winning tickets more than 45 days old must be presented either in person or via mail to a NYS lottery regional office for payment. This seems to place an unfair burden on lottery players. Many tickets may have a small winning value like two dollars or a free tick- et. Under the current system, players would have to pay for postage which may constitute 25% or more of the actual prize. The other alterna- tive may cost even more by taking transportation to an actual lottery regional office. Lottery tickets are only valid for one year therefore the local lottery sales agents should cash those winning tickets during the entire one year term.
Prior legislative history
New bill
Fiscal implications
None
Effective date
This bill shall take effect on the thirtieth day after it shall become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.