New York A 5958: Relates to net revenue distributed by regional off-track betting corporations

Bill Text

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A05958 Summary:

BILL NOA05958 

&nbsp

SAME ASNo Same As

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SPONSORFitzpatrick

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COSPNSR

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MLTSPNSR

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Amd §516, RWB L

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Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.

Go to top A05958 Actions:

BILL NOA05958 

&nbsp

02/25/2025referred to racing and wagering

01/07/2026referred to racing and wagering

Go to topA05958 Committee&nbspVotes:

Go to topA05958 Floor&nbspVotes:

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

Go to topA05958 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5958

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 25, 2025
 ___________

 Introduced by M. of A. FITZPATRICK -- read once and referred to the
 Committee on Racing and Wagering

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to net revenue distributed by regional off-track betting
 corporations

 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 516 of the racing, pari-mutuel
 2 wagering and breeding law is amended by adding a new paragraph d to read
 3 as follows:
 4 d. Any net revenue distributed to participating counties or cities
 5 pursuant to paragraphs a, b, and c of this subdivision shall be used
 6 exclusively for real property tax relief.
 7 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09008-01-5

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