Skip to content
A1635Assembly2019-2020 Session

Fund Aqueduct Track Upgrades

Official title

“Provides that certain revenue generated from video lottery terminals at the Aqueduct racetrack be used solely for the maintenance and upgrading of the Aqueduct racetrack”

Sponsor Stacey Pheffer AmatoAD-23Affects Finance
Status
In Assembly Committee
Ways And Means
Impact
3/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill directs certain video lottery revenue to be used only for capital upgrades at Aqueduct racetrack, removing Belmont Park and Saratoga from eligibility.

Why it matters

  1. Concentrates funding for upgrades exclusively at Aqueduct racetrack. , which could lead to significant improvements there while potentially limiting modernization or maintenance at Belmont Park and Saratoga Race Course.

  2. May impact the competitive balance among New York’s major racetracks. , as only Aqueduct would receive these specific video lottery revenues for capital projects, possibly affecting the quality of facilities and events at the other venues.

  3. Could influence local economies and jobs. by shifting investment and construction activity to the Aqueduct area, potentially at the expense of communities around Belmont and Saratoga that previously benefited from these funds.

The daily · weekday mornings

Albany, before your first meeting.

Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.

Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.

Who cares

Headline styles

Fund Aqueduct Track Upgrades

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Stacey Pheffer Amato

Assembly Member · Assembly District 23

Chair, Governmental Employees

No co-sponsors yet.

History

  1. Referred to ways and means
  2. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

1635

2019-2020 Regular Sessions

IN ASSEMBLY

January 16, 2019

Introduced by M. of A. PHEFFER AMATO -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to the disposition of certain revenue from the video lottery gaming facility at Aqueduct racetrack

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Paragraph 3 of subdivision f of section 1612 of the tax law, as amended by chapter 174 of the laws of 2013, is amended to read as follows:

3. Four percent of the total revenue wagered after payout of prizes to be deposited into an account of the franchised corporation established pursuant to section two hundred six of the racing, pari-mutuel wagering and breeding law to be used for capital expenditures in maintaining and upgrading Aqueduct racetrack[, Belmont Park racetrack and Saratoga race course].

§ 2. This act shall take effect immediately.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD03728-01-9

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.