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NY S03589

Bill

Official Source

Status

Introduced

2/1/2023

Primary Sponsor

Pamela Helming

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends Tax Law Section 1617-a to modify free play allowance credit regulations for video lottery facilities
  • Maintains the existing 15% annual limit on free play allowance credits based on total amount wagered on video lottery games after payout of prizes
  • Grants the gaming commission discretionary authority to authorize increases to the 15% limitation for individual video lottery facilities if the operator demonstrates benefit to the state
  • Takes effect immediately upon enactment

Legislative Description

Provides that the gaming commission may, at its discretion, authorize an increase to the free play limitation for individual video lottery facilities upon illustration of benefit to the state.

Last Action

COMMITTED TO RULES

6/7/2024

Committee Referrals

Rules6/7/2024
Racing, Gaming and Wagering2/1/2023

Full Bill Text

No bill text available