New York S 5201: Relates to standards for the prompt investigation and settlement of claims arising out of states of emergency and disasters
Status: SUBSTITUTED BY A2078 (as of 2023-06-06)
State: New York · Session: 2023-2024 · Bill: S 5201
Sponsors: James Skoufis
Bill Text
Bill Search and Legislative Information | New York State Assembly • • • • • • • • Skip to main content New York State Assembly Speaker Carl E. Heastie --> --> --> • Assembly Members • Legislative Info • Public Hearings • Speaker's Press • Assembly Reports • Committees & More • Bill Search Home • Laws • Legislative Calendar • Public Hearing Schedule • Assembly Calendars • Assembly Committee Agenda Javascript must be enabled to properly view this page. Bill No.: • Summary • Actions • Committee Votes • Floor Votes • Memo • Text • LFIN • Chamber Video/Transcript S05201 Summary: BILL NOS05201   SAME ASSAME AS A09192   SPONSORSANDERS   COSPNSR   MLTSPNSR   Amd §§1614 & 1609, Tax L   Permits a potential lottery winner who lost their ticket to claim the winning amount provided that such person shows the lottery agency documentary proof of purchase of the winning ticket within one year of the winning date. Go to top S05201 Actions: BILL NOS05201   02/19/2025REFERRED TO RACING, GAMING AND WAGERING 01/07/2026REFERRED TO RACING, GAMING AND WAGERING Go to topS05201 Committee Votes: Go to topS05201 Floor Votes: There are no Assembly votes for this bill in this legislative session. Go to topS05201 Text: STATE OF NEW YORK ________________________________________________________________________ 5201 2025-2026 Regular Sessions IN SENATE February 19, 2025 ___________ Introduced by Sen. SANDERS -- 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 tax law, in relation to permitting a potential lottery winner who lost their ticket to claim the winning amount The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The section heading of section 1614 of the tax law, as 2 amended by chapter 166 of the laws of 1991, is amended to read as 3 follows: 4 Unclaimed and abandoned prize money; lost lottery ticket claims. 5 § 2. The opening paragraph of subdivision a of section 1614 of the tax 6 law, as amended by section 3 of subpart D of part DD of chapter 59 of 7 the laws of 2019, is amended and a new subdivision c is added to read as 8 follows: 9 No prize claim shall be valid if submitted to the commission following 10 the expiration of a one-year time period from the date of the drawing or 11 from the close of the game in which a prize was won, and the person 12 otherwise entitled to such prize shall forfeit any claim or entitlement 13 to such prize moneys, unless such prize claim is submitted pursuant to 14 subdivision c of this section. Unclaimed prize money, plus interest 15 earned thereon, shall be retained in the lottery prize account to be 16 used for payment of special lotto or supplemental lotto prizes offered 17 pursuant to the plan or plans specified in this article, or for promo- 18 tional purposes to supplement other games on an occasional basis not to 19 exceed sixteen weeks within any twelve month period pursuant to the plan 20 or plans specified in this article. 21 c. Notwithstanding subdivision a of this section, a prize claim for a 22 person who lost their ticket shall be valid if submitted to the commis- 23 sion with documentary proof of purchase from the seller of such winning 24 ticket, as established pursuant to paragraph three of subdivision b of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08110-01-5 S. 5201 2 1 section one thousand six hundred nine of this article, within one year 2 from the date of the drawing or from the close of the game in which a 3 prize was won. Upon a showing of such proof, the commission shall 4 promptly make payment of the prize claim to such person. 5 § 3. Subdivision b of section 1609 of the tax law is amended by adding 6 a new paragraph 3 to read as follows: 7 3. Every seller of lottery tickets shall retain identifying informa- 8 tion, or proof of such sale, for at least one year from the date of the 9 applicable drawing or from the close of the applicable game in which a 10 prize was won. Such identifying information, or proof of sale, may be 11 used as documentary proof of purchase from the seller for purposes of 12 subdivision c of section one thousand six hundred fourteen of this arti- 13 cle. 14 § 4. This act shall take effect immediately. Go to top • Sitemap Request Information Directions and Maps
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