What's happening
This bill amends the tax law to require certain gaming commission payments to vendor tracks be made quarterly within 15 days.
Why it matters
Speeds up payments to vendor tracks. By reducing the payment window from 60 days to 15 days after each quarter, the bill provides vendor tracks (racetracks with video lottery terminals) with faster access to their state-owed commissions, improving their cash flow and financial stability.
Establishes predictable quarterly payment schedule. The amendment clarifies that these commissions will be calculated and paid quarterly, making the timing more predictable for vendor tracks, which may aid in budgeting, planning, and operational decision-making.
Potentially benefits local economies. More timely payments to vendor tracks could help these facilities maintain operations, invest in improvements, or retain jobs, which may be especially important in regions where these tracks are significant local employers or economic drivers.
Aligns state obligations with the fiscal year. By tying payments to quarters of the state fiscal year, the bill ensures alignment with New York’s budget and reporting processes, possibly reducing administrative confusion or delays for both the state and the vendor tracks.
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Who cares
Headline styles
Pay Commissions Faster
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 42
1 Co-sponsor
History
- Vetoed memo.164
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.674
- Substituted for A5994B
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- Amended (t) 4287a
- 2nd report cal.
Show 3 earlier actions
- 1st report cal.1270
- Reported and committed to finance
- Referred to racing, gaming and wagering
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.
Speed Up Commission Payments
Assembly Floor Calendar · Sponsor J. Gary Pretlow
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4287--A Cal. No. 1270
2017-2018 Regular Sessions
IN SENATE
February 8, 2017
Introduced by Sens. BONACIC, MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wagering -- reported favorably from said committee and committed to the Committee on Finance -- reported favorably from said committee, ordered to first and second report, amended on second report, ordered to a third reading, and to be reprinted as amended, retaining its place in the order of third reading
AN ACT to amend the tax law, in relation to the payment of certain commissions
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Clause (G) of subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the tax law, as amended by section 2 of part HH of chapter 60 of the laws of 2016, is amended to read as follows:
(G) Notwithstanding any provision to the contrary, when a vendor track is located within regions one, two, or five of development zone two as defined by section thirteen hundred ten of the racing, pari-mutuel wagering and breeding law, such vendor track shall receive an additional commission at a rate equal to the percentage of revenue wagered at the vendor track after payout for prizes pursuant to this chapter, which percentage shall be one hundred, less the sum of the percentages of net revenue wagered at the vendor track retained by the commission for operation, administration, and procurement purposes; and the vendor's fee, marketing allowance and capital award paid to the vendor track pursuant to this chapter; and the effective tax rate paid on all gross gaming revenue paid by a gaming facility within the same region pursuant to section thirteen hundred fifty-one of the racing, pari-mutuel wagering and breeding law, provided, however, such additional commission shall be applied to revenue wagered at the vendor track after payout for prizes only while a gaming facility in the same region is open and operational pursuant to an operation certificate issued pursuant to section thirteen
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09242-05-7
S. 4287--A 2
hundred thirty-one of the racing, pari-mutuel wagering and breeding law. The additional commission set forth in this clause shall be paid to the vendor track within [sixty] fifteen days after the conclusion of each quarter of the state fiscal year based on the calculated percentage during the previous quarter of the state fiscal year.
§ 2. Clause (G-2) of subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the tax law, as added by section 1 of part DD of chapter 60 of the laws of 2016, is amended to read as follows:
(G-2) Notwithstanding any provision to the contrary, when a vendor track is located within region six of development zone two as defined by section thirteen hundred ten of the racing, pari-mutuel wagering and breeding law and is located within Ontario county, such vendor track shall receive an additional commission at a rate equal to the percentage of revenue wagered at the vendor track after payout for prizes pursuant to this chapter, which percentage shall be one hundred, less the sum of the percentages of net revenue wagered at the vendor track retained by the commission for operation, administration, and procurement purposes; and the vendor's fee, marketing allowance and capital award paid to the vendor track pursuant to this chapter; and the effective tax rate paid on all gross gaming revenue paid by a gaming facility within Seneca or Wayne counties pursuant to section thirteen hundred fifty-one of the racing, pari-mutuel wagering and breeding law, provided, however, such additional commission shall be applied to revenue wagered at the vendor track after payout for prizes only while a gaming facility in Seneca or Wayne counties is open and operational pursuant to an operation certificate issued pursuant to section thirteen hundred thirty-one of the racing, pari-mutuel wagering and breeding law. The additional commission set forth in this clause shall be paid to the vendor track within [sixty] fifteen days after the conclusion of each quarter of the state fiscal year based on the calculated percentage during the previous quarter of the state fiscal year.
§ 3. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the payment of certain commissions
Purpose or general idea of bill
To adjust the timing of payments made by the state pursuant to the Upstate Gaming Economic Development Act of 2013 to video lottery terminal facilities that are located in the same region as a commercial casino so they can be made quarterly rather than annually.
Summary of specific provisions
Sections 1-2:Amends clauses (G) and (G-2) of subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the Tax Law to provide that the payments made by the state pursuant to the Upstate Gaming Economic Development Act of 2013 to video lottery terminal facilities that are located in the same region as a commercial casino are made quarterly rather than annually.
Section 3:Effective date.
Justification
Current law provides for these payments to be made on an annual basis. By adjusting the timing of these payments so they can be made quarterly this bill will improve the financial operations of video lottery terminal facilities without any increased cost to the state.
Legislative history
New bill.
Fiscal implications
None to the State.
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.