New York S 5640: Provides temporary retirement incentive for certain public employees

Bill Text

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S05640 Summary:

BILL NOS05640D

&nbsp

SAME ASSAME AS A08167-B

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SPONSORBAILEY

&nbsp

COSPNSRADDABBO, CLEARE, COMRIE, FERNANDEZ, GOUNARDES, JACKSON, SERRANO, STAVISKY

&nbsp

MLTSPNSR

&nbsp

Amd §1367, RWB L

&nbsp

Authorizes up to two percent of mobile sports tax revenue, but not more than twenty-three million dollars, be used for youth team sports funding to be distributed by county youth bureaus, city of New York's department of youth and community development, and an organization which supports and invests in programs that use sports as a vehicle for youth development and social change.

Go to top S05640 Actions:

BILL NOS05640D

&nbsp

02/26/2025REFERRED TO RACING, GAMING AND WAGERING

04/24/2025AMEND (T) AND RECOMMIT TO RACING, GAMING AND WAGERING

04/24/2025PRINT NUMBER 5640A

05/28/2025AMEND (T) AND RECOMMIT TO RACING, GAMING AND WAGERING

05/28/2025PRINT NUMBER 5640B

06/04/2025AMEND AND RECOMMIT TO RACING, GAMING AND WAGERING

06/04/2025PRINT NUMBER 5640C

01/07/2026REFERRED TO RACING, GAMING AND WAGERING

03/04/2026AMEND AND RECOMMIT TO RACING, GAMING AND WAGERING

03/04/2026PRINT NUMBER 5640D

03/17/2026REPORTED AND COMMITTED TO FINANCE

Go to topS05640 Committee&nbspVotes:

Go to topS05640 Floor&nbspVotes:

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

Go to topS05640 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5640--D

 2025-2026 Regular Sessions

 IN SENATE

 February 26, 2025
 ___________

 Introduced by Sens. BAILEY, ADDABBO, CLEARE, COMRIE, FERNANDEZ,
 GOUNARDES, JACKSON, STAVISKY -- read twice and ordered printed, and
 when printed to be committed to the Committee on Racing, Gaming and
 Wagering -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee -- committee discharged,
 bill amended, ordered reprinted as amended and recommitted to said
 committee -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee -- recommitted to the
 Committee on Racing, Gaming and Wagering in accordance with Senate
 Rule 6, sec. 8 -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to authorizing up to two percent of mobile sports tax revenue
 be used for youth team sports funding

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

 1 Section 1. Subdivision 8 of section 1367 of the racing, pari-mutuel
 2 wagering and breeding law, as amended by section 1 of part OO of chapter
 3 59 of the laws of 2025, is amended to read as follows:
 4 8. (a) Notwithstanding section thirteen hundred fifty-one of this
 5 article, mobile sports wagering gross gaming revenue and tax revenue
 6 shall be excluded from sports wagering gross gaming revenue and tax
 7 revenue. Mobile sports wagering tax revenue shall be separately main-
 8 tained and returned to the state for deposit into the state lottery fund
 9 for education aid except as otherwise provided in this subdivision. Any
 10 interest and penalties imposed by the commission relating to those
 11 taxes, all penalties levied and collected by the commission, and the
 12 appropriate funds, cash or prizes forfeited from sports wagering shall
 13 be deposited into the state lottery fund for education.
 14 (b) In fiscal year two thousand twenty-two, the commission shall pay
 15 into the commercial gaming fund one percent of the state tax imposed on

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09670-09-6

 S. 5640--D 2

 1 mobile sports wagering by this section to be distributed for problem
 2 gambling education and treatment purposes pursuant to paragraph a of
 3 subdivision four of section ninety-seven-nnnn of the state finance law;
 4 provided however, that such amount shall be equal to six million dollars
 5 for each fiscal year through fiscal year two thousand twenty-six and
 6 twelve million dollars for each fiscal year thereafter, provided that
 7 this amount may only be expended pursuant to a plan approved by the
 8 director of the budget.
 9 (c) In fiscal year two thousand twenty-two, the commission sh