STATE OF NEW YORK ________________________________________________________________________

6495

2019-2020 Regular Sessions

IN SENATE

June 14, 2019 ___________

Introduced by Sen. ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Rules

AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to authorizing a deduction of a marketing allowance for certain gaming facilities

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 1351 of the racing, pari-mutuel 2 wagering and breeding law is amended by adding a new paragraph (e) to 3 read as follows: 4 (e) A gaming facility in region two may deduct from the tax imposed 5 pursuant to subdivision one of this section a marketing allowance equal 6 to an amount up to eight percent of gross gaming revenue from slot 7 machines; provided, however, the amount of such marketing allowance 8 deducted by such facility shall not decrease the amount payable by such 9 gaming facility in any fiscal year below the amount payable by such 10 gaming facility in the fiscal year ending March thirty-first, two thou- 11 sand nineteen. 12 § 2. This act shall take effect on the ninetieth day after it shall 13 have become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13352-01-9