What's happening
This bill extends the special vendor fee rate for certain Sullivan County gaming tracks from nine to ten years.
Why it matters
Provides extended financial relief for Sullivan County gaming tracks. by allowing them to keep a higher percentage (41%) of gaming revenues for an additional year, which could help them remain competitive with nearby out-of-state gaming venues.
May impact local jobs and economic stability. by supporting the financial health of these tracks, potentially helping to maintain or grow employment and economic activity in the region for an extra year.
Could affect state tax revenue in the short term. since the state will collect a lower share from these specific tracks for another year, balancing local economic goals against immediate state income.
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Who cares
Headline styles
Extend Vendor Track Fee Timeline
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Recommit, enacting clause stricken
- Referred to racing, gaming and wagering
- 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.
Extend Sullivan Vendor Fee
In Assembly Committee · Ways And Means · Sponsor Aileen Gunther
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
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 Wagering
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 Assembly, do enact as follows:
Section 1. Clause (F) of subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the tax law, as amended by section 1 of part EE of chapter 60 of the laws of 2016, is amended to read as follows:
(F) notwithstanding clauses (A), (B), (C), (D) and (E) of this subparagraph, when a vendor track, is located in Sullivan county and within sixty miles from any gaming facility in a contiguous state such vendor fee shall, for a period of [nine] ten years commencing April first, two thousand eight, be at a rate of forty-one percent of the total revenue wagered at the vendor track after payout for prizes pursuant to this chapter, after which time such rate shall be as for all tracks in clause (C) of this subparagraph.
§ 2. This act shall take effect immediately and shall be deemed to 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
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 vendor fees at vendor tracks
Purpose
To continue the current vendor rate for a vendor track in Sullivan County until April 1, 2018.
Summary of provisions
Section 1. Amends Clause (F) of subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the Tax Law to extend the current vendor rate for a vendor track in Sullivan County until April 1, 2018.
Section 2. Effective date.
Justification
The video lottery terminal facility located in Sullivan County receives a specific vendor rate pursuant to the Tax Law. This rate is routinely extended in the annual budget process. However, due to the lack of agreement on the state budget, a budget extender was passed to fund state government through May 31st 2017. Unfortunately, the extension of the vendor rate for the video lottery terminal facility located in Sullivan County was mistakenly not included in that extender. This bill rectifies that oversight.
Prior legislative history
New bill, however this vendor rate has been routinely extend every year.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.