Bill S2870-2013

Makes changes in the disposition of revenue from lottery prize account

Makes changes in the percentages for disposition of revenue from lottery prize account to increase the percentage, by five percent, directed to state aid for education funding.

Details

Actions

  • Jan 8, 2014: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • Jan 24, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Memo

BILL NUMBER:S2870

TITLE OF BILL: An act to amend the tax law, in relation to the disposition of revenue from the lottery prize account

SUMMARY OF PROVISIONS: This bill decreases, by five percent, the amount of money allocated for lottery prizes; the bill increases, by five percent, the amount of money allocated to education. These changes apply to the "Daily Numbers Game," "Win 4," "Pick 10," "Take 5" and "Lotto" games.

JUSTIFICATION: State aid to education funding has been severely restricted over the past few years. A minor change in the disposition of revenue from the lottery prize account will increase state aid to struggling schools, without a negative impact on the lottery system.

EFFECTIVE DATE: This act shall take effect on the first of October next succeeding the date on which it shall have become a law.


Text

STATE OF NEW YORK ________________________________________________________________________ 2870 2013-2014 Regular Sessions IN SENATE January 24, 2013 ___________
Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the disposition of revenue from the lottery prize account THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 3 and 4 of subdivision a of section 1612 of the tax law, as amended by section 1 of part Q of chapter 61 of the laws of 2011, are amended to read as follows: (3) [fifty-five] FORTY-FIVE percent of the total amount for which tickets have been sold for any joint, multi-jurisdiction, and out-of- state lottery except as otherwise provided in paragraph one of subdivi- sion b of this section for any joint, multi-jurisdiction, out-of-state video lottery gaming; or (4) [fifty] THIRTY-FIVE percent of the total amount for which tickets have been sold for games known as: (A) the "Daily Numbers Game" or "Win 4", discrete games in which the participants select no more than three or four of their own numbers to match with three or four numbers drawn by the division for purposes of determining winners of such games, (B) "Pick 10", offered no more than once daily, in which participants select from a specified field of numbers a subset of ten numbers to match against a subset of numbers to be drawn by the division from such field of numbers for the purpose of determining winners of such game, (C) "Take 5", offered no more than once daily, in which participants select from a specified field of numbers a subset of five numbers to match against a subset of five numbers to be drawn by the division from such field of numbers for purposes of determining winners of such game; or S 2. The opening paragraph of paragraph 1 of subdivision b of section 1612 of the tax law, as amended by section 1 of part R of chapter 61 of the laws of 2011, is amended to read as follows:
Notwithstanding section one hundred twenty-one of the state finance law, on or before the twentieth day of each month, the division shall pay into the state treasury, to the credit of the state lottery fund created by section ninety-two-c of the state finance law, not less than [forty-five] FIFTY percent of the total amount for which tickets have been sold for games defined in paragraph four of subdivision a of this section during the preceding month, not less than thirty-five percent of the total amount for which tickets have been sold for games defined in paragraph three of subdivision a of this section during the preceding month, not less than [twenty] FORTY percent of the total amount for which tickets have been sold for games defined in paragraph two of subdivision a of this section during the preceding month, provided however that for games with a prize payout of seventy-five percent of the total amount for which tickets have been sold, the division shall pay not less than ten percent of sales into the state treasury and not less than twenty-five percent of the total amount for which tickets have been sold for games defined in paragraph one of subdivision a of this section during the preceding month; and the balance of the total revenue after payout for prizes for games known as "video lottery gaming," including any joint, multi-jurisdiction, and out-of-state video lottery gaming, S 3. This act shall take effect on the first of October next succeed- ing the date on which it shall have become a law.

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