 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5501
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                      April 3, 2017
                                       ___________
 
        Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
          printed to be committed to the Committee on Racing, Gaming and  Wager-
          ing
 
        AN ACT to amend the tax law, in relation to vendor fees at vendor tracks
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Clause (F) of subparagraph (ii) of paragraph 1 of  subdivi-
     2  sion  b  of section 1612 of the tax law, as amended by section 1 of part
     3  EE of chapter 60 of the laws of 2016, is amended to read as follows:
     4    (F) notwithstanding clauses (A), (B), (C), (D) and (E) of this subpar-
     5  agraph, when a vendor track, is located in Sullivan  county  and  within
     6  sixty  miles  from any gaming facility in a contiguous state such vendor
     7  fee shall, for a period of [nine] ten years commencing April first,  two
     8  thousand  eight,  be at a rate of forty-one percent of the total revenue
     9  wagered at the vendor track after payout for  prizes  pursuant  to  this
    10  chapter, after which time such rate shall be as for all tracks in clause
    11  (C) of this subparagraph.
    12    §  2.  This  act  shall take effect immediately and shall be deemed to
    13  have been in full force and effect on and after April 1, 2017.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10919-01-7
Relates to vendor fees at vendor tracks

What's Happening

Why It Matters
