New York S 9545: Relates to unclaimed winnings and refunds and the remittance of taxes

Bill Text

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S09545 Summary:

BILL NOS09545 

&nbsp

SAME ASSAME AS A10231

&nbsp

SPONSORFAHY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §§529 & 136, RWB L

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Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.

Go to top S09545 Actions:

BILL NOS09545 

&nbsp

03/23/2026REFERRED TO RACING, GAMING AND WAGERING

05/20/2026REPORTED AND COMMITTED TO FINANCE

Go to topS09545 Committee&nbspVotes:

Go to topS09545 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09545 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9545

 IN SENATE

 March 23, 2026
 ___________

 Introduced by Sen. FAHY -- 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 racing, pari-mutuel wagering and breeding law, in
 relation to unclaimed winnings and refunds and the remittance of taxes

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

 1 Section 1. Section 529 of the racing, pari-mutuel wagering and breed-
 2 ing law is amended by adding a new subdivision 3 to read as follows:
 3 3. Notwithstanding subdivision two of this section, for a regional
 4 off-track betting corporation that is comprised in the capital district,
 5 one hundred percent of the balance of such account remaining unclaimed
 6 as of the last day of February of such year shall be distributed pursu-
 7 ant to section five hundred sixteen of this chapter to participating
 8 counties comprising the capital district corporation by March fifteenth.
 9 A penalty of five percent and interest at the rate of one percent per
 10 month from the due date to the date of payment of the unclaimed balance
 11 due April first shall be payable in case such balance is not paid when
 12 due under this section.
 13 § 2. Subdivision 3 of section 136 of the racing, pari-mutuel wagering
 14 and breeding law, as added by section 1 of subpart A of part FF of chap-
 15 ter 59 of the laws of 2025, is amended to read as follows:
 16 3. All pari-mutuel wagering taxes shall be collected and remitted in
 17 the same manner as such taxes were collected and remitted prior to the
 18 enactment of this section; provided however, for a regional off-track
 19 betting corporation that is comprised in the capital district, shall
 20 remit such payments to participating counties in the same fashion as
 21 required by section five hundred sixteen of this chapter.
 22 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14403-02-6

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