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Who cares
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Sponsors
3 Co-sponsors
History
- Print number 5835a
- Amend and recommit to racing, gaming and wagering
- Referred to racing, gaming and wagering
- 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 capital awards to certain vendor tracks and to the disposition of revenues
In Assembly Committee · Ways And Means · Sponsor Crystal Peoples-Stokes
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5835A
Title of bill
An act to amend the tax law, in relation to capital awards to certain vendor tracks and disposition of revenues
Purpose
The purpose of this bill is to protect the western NY economy by creating a level playing field for existing gaming venues.
Summary of provisions
Sections 1 and 2 of the bill amend various provision of the tax law relating to operations at gaming venues in western NY.
Section 3 of the bill provides authority to the Division of Lottery for certain reimbursements.
Section 4 of the bill is the effective date.
Justification
Western New York Racinos are a strong economic driver for local economies that also provide critical revenue for county governments throughout the region. As such, it is vitally important that the state act to increase vendor fees, capital award allowances, free play allowances and also reimbursement for the costs of rebranding the facilities located in the Finger Lakes, Batavia and Hamburg. These changes will allow Western New York Racinos the kind of economic certainty that is needed to not only retain their current workforce, but also to seriously contemplate expansion. As New York implements changes to its gaming laws and rules and contemplates others, it is important to make sure that a level playing field exists for those gaming venues that already support the local economy. This bill aims to do exactly that.
Prior legislative history
New bill.
Fiscal implications
To be determined.
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.