|SAME AS S04817-A
|Amd 1351, RWB L; amd 1612, Tax L; amd Part EE 3, Chap 59 of 2019
|Relates to the tax on gaming revenues in region five of zone two and to the tax rates on certain facilities within the Tioga county portion of such region; adds additional vendor fees for a certain track located within Oneida county; extends the effectiveness of such additional vendor fees.
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NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A6144A SPONSOR: Pretlow
TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to the tax on gaming revenues in certain regions; to amend the tax law, in relation to the additional vendor fee for a certain track located within Oneida county; and to amend part EE of chapter 59 of the laws of 2019, amending the tax law relating to commissions paid to the operator of a video lottery facility, in relation to the effectiveness thereof   PURPOSE OF BILL: This bill will provide slot parity for all gaming facilities in zone two.   JUSTIFICATION: The Governor included a provision in the state budget two years ago, which allowed upstate casinos to request a 5-year slot tax reduction from the Gaming Commission. All but one received a tax break without a reason. This legislation is intended to minimize the disparity. This legislation would correct the omission to create parity and fairness within the casino industry in the state. As a condition of the lower slot machine tax rate, casino will be mandated to provide an initial report to the governor, the speaker of the assembly, the temporary president of the senate, and the commission detailing the projected use of funds resulting from the tax adjustment and a plan that prescribes the manner in which the casino will rebuild their economic infrastructure through the rehiring of laid-off employees or capital improvements designed to create revenue and create new jobs. Negative deviation of such plan will result in adjustment to the slot tax rate.   LEGISLATIVE HISTORY: New bill.   EFFECTIVE DATE: This act shall take effect immediately;. provided, however, that the amendments to subdivision 1 of section 1351 of the racing, pari-mutuel wagering, and breeding law made by section one of this act shall not affect the expiration and reversion of such subdivision and shall be expired and deemed repealed therewith; provided further, however, that the amendments to clause (B) of subparagraph (iii) of paragraph 1 of subdivision b of section 1612 of the tax law made by section two of this act shall not affect the expiration and repeal of such clause and shall expire and be deemed repealed therewith; provided, further, notwith- standing the provisions of article 5 of the general construction law,the provisions of clause (B) of subparagraph (iii) of paragraph of subdivi- sion b of section 1612 of the tax law, as amended by section two of this act, are hereby revived and shall continue in full force and effect as such provisions existed on March 30, 2023.