NY S06405

Amends Tax Law Section 1612(f-1) to modify vendor fee disposition for video lottery gaming operations at Nassau and Suffolk county racetracks (Aqueduct, Belmont Park, and Saratoga).

Removes caps that limited purse support, breeding fund payments, capital expenditure allocations, and general racing operations funding to 2013 levels adjusted for inflation.

Eliminates language requiring excess vendor fees above 2013 baseline levels to be returned to the Gaming Commission, allowing all vendor fees to flow to racing industry investments.

Maintains four categories of vendor fee allocation: 2.3% for purses, 0.5% for breeding funds, 1.3% for capital expenditures, and 0.9% for general thoroughbred racing operations.

Takes effect immediately upon enactment.