New York A 6019: Relates to the transferring of monies held in the non-escrowed account for payment of outstanding winning tickets and for payment of refunds to ticket holders; repealer

Bill Text

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 Speaker Carl E. Heastie

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A06019 Summary:

BILL NOA06019 

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SAME ASNo Same As

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SPONSORWoerner

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COSPNSR

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MLTSPNSR

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Amd §§529 & 1016, rpld §1016 sub 1 ¶b sub¶ 5 clause (E), sub 1 ¶b sub¶ 6 clause (F), §1017 sub 2, RWB L

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Relates to the transferring of monies held in the non-escrowed account for payment of outstanding winning tickets and for payment of refunds to ticket holders; any amount that remains unclaimed after April first of each year shall be transferred to the regional corporation's operating account.

Go to top A06019 Actions:

BILL NOA06019 

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02/25/2025referred to racing and wagering

01/07/2026referred to racing and wagering

Go to topA06019 Committee&nbspVotes:

Go to topA06019 Floor&nbspVotes:

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

Go to topA06019 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6019

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 25, 2025
 ___________

 Introduced by M. of A. WOERNER -- read once and referred to the Commit-
 tee on Racing and Wagering

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to the transferring of monies held in the non-escrowed
 account for payment of outstanding winning tickets and for payment of
 refunds to ticket holders; and to repeal certain provisions of the
 racing, pari-mutuel wagering and breeding law relating thereto

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

 1 Section 1. Subdivision 2 of section 529 of the racing, pari-mutuel
 2 wagering and breeding law, as amended by chapter 243 of the laws of
 3 2020, is amended to read as follows:
 4 2. [Ninety-five percent of the balance of such account remaining
 5 unclaimed as of the last day of February of such year shall be paid to
 6 the department of taxation and finance by March fifteenth. On or before
 7 April tenth of each year the balance of such account and any other
 8 unclaimed amounts received in the course of conducting off-track betting
 9 shall be paid by such corporation to the department of taxation and
 10 finance. A penalty of five percent and interest at the rate of one
 11 percent per month from the due date to the date of payment of the
 12 unclaimed balance due March fifteenth or April tenth, as the case may
 13 be, shall be payable in case such balance is not paid when due. Such
 14 amounts, interest and penalties when collected by the department of
 15 taxation and finance shall be deposited into the general fund of the
 16 state treasury.] The balance of such account remaining unclaimed as of
 17 April first of such year shall be transferred to the regional corpo-
 18 ration's operating account and may be used for any corporate purposes.
 19 § 2. Clause (E) of subparagraph 5 of paragraph b of subdivision 1 of
 20 section 1016 of the racing, pari-mutuel wagering and breeding law is
 21 REPEALED and clause (F) is relettered clause (E).

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09471-01-5

 A. 6019 2

 1 § 3. Clause (F) of subparagraph 6 of paragraph b of subdivision 1 of
 2 section 1016 of the racing, pari-mutuel wagering and breeding law is
 3 REPEALED and clause (G) is relettered clause (F).
 4 § 4. Subdivision 2 of section 1017 of the racing, pari-mutuel wagering
 5 and breeding law is REPEALED.
 6 § 5. This act shall take effect on the thirtieth day after it shall
 7 have become a law.

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