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BILL NO A06124A
SAME AS No Same as
SPONSOR Pretlow
COSPNSR McDonald
MLTSPNSR
Rpld S1017 sub 2, amd S1016, RWB L
Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing
corporations and repeals certain provisions of such law relating thereto.
BILL NO A06124A
03/16/2015 referred to racing and wagering
03/24/2015 amend and recommit to racing and wagering
03/24/2015 print number 6124a
01/06/2016 referred to racing and wagering
NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A6124A
SPONSOR: Pretlow
TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and
breeding law, in relation to percent of wagers made at off-track betting
facilities conducted by in-state thoroughbred racing corporations; and
repealing certain provisions of such law relating thereto
PURPOSE: To provide statutory relief for Off-Track Betting Corpo-
rations, ensuring payments are going to localities and municipalities
for which these public benefit corporations were designed to provide.
SUMMARY OF PROVISIONS: Section 1. Subdivision 2 of section 1017 of the
racing, pari-mutuel wagering and breeding law is REPEALED.
Section 2. Clause (E) of subparagraph 5 and clause (G) of subparagraph 6
of paragraph b of subdivision 1 of section 1016 of the racing, pari-mu-
tuel wagering and breeding law, as amended by chapter 18 of the laws of
2008
Section 3. This act shall take effect immediately
JUSTIFICATION: While the State has provided relief to the thoroughbred
and harness tracks in the authorization of Video Lottery Terminals, the
amounts required to be paid from the Off-Track Betting Corporations to
the harness and thoroughbred tracks have continued at rates last re-ad-
justed in 2003. Off-Track Betting Corporations ("OTBs"), meanwhile
continue to pay outdated rates to privately owned casinos, to the
economic detriment of their participating local governments.
Going forward, failure to provide this needed fiscal relief to the Off-
Track Betting Corporations and participating localities would be
catastrophic to both those localities and the horse racing and breeding
industries in the state.
LEGISLATIVE HISTORY: New Bill
FISCAL IMPLICATIONS: None
EFFECTIVE DATE: This act shall take effect immediately.
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