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S9545 • 2025

Relates to unclaimed winnings and refunds and the remittance of taxes

Relates to unclaimed winnings and refunds and the remittance of taxes

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Patricia Fahy
Last action
2026-05-20
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to unclaimed winnings and refunds and the remittance of taxes

Relates to unclaimed winnings and refunds and the remittance of taxes Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.

What This Bill Does

  • Relates to unclaimed winnings and refunds and the remittance of taxes Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-20 Senate

    REPORTED AND COMMITTED TO FINANCE

  2. 2026-03-23 Senate

    REFERRED TO RACING, GAMING AND WAGERING

Official Summary Text

Relates to unclaimed winnings and refunds and the remittance of taxes
Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          9545

                                    I N  S E N A T E

                                     March 23, 2026
                                       ___________

        Introduced  by  Sen.  FAHY  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Racing, Gaming and  Wager-
          ing

        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to unclaimed winnings and refunds and the remittance of taxes

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1. Section 529 of the racing, pari-mutuel wagering and breed-
     2  ing law is amended by adding a new subdivision 3 to read as follows:
     3    3. NOTWITHSTANDING SUBDIVISION TWO OF THIS  SECTION,  FOR  A  REGIONAL
     4  OFF-TRACK BETTING CORPORATION THAT IS COMPRISED IN THE CAPITAL DISTRICT,
     5  ONE  HUNDRED  PERCENT OF THE BALANCE OF SUCH ACCOUNT REMAINING UNCLAIMED
     6  AS OF THE LAST DAY OF FEBRUARY OF SUCH YEAR SHALL BE DISTRIBUTED  PURSU-
     7  ANT  TO  SECTION  FIVE  HUNDRED SIXTEEN OF THIS CHAPTER TO PARTICIPATING
     8  COUNTIES COMPRISING THE CAPITAL DISTRICT CORPORATION BY MARCH FIFTEENTH.
     9  A PENALTY OF FIVE PERCENT AND INTEREST AT THE RATE OF  ONE  PERCENT  PER
    10  MONTH  FROM THE DUE DATE TO THE DATE OF PAYMENT OF THE UNCLAIMED BALANCE
    11  DUE APRIL FIRST SHALL BE PAYABLE IN CASE SUCH BALANCE IS NOT  PAID  WHEN
    12  DUE UNDER THIS SECTION.
    13    §  2. Subdivision 3 of section 136 of the racing, pari-mutuel wagering
    14  and breeding law, as added by section 1 of subpart A of part FF of chap-
    15  ter 59 of the laws of 2025, is amended to read as follows:
    16    3. All pari-mutuel wagering taxes shall be collected and  remitted  in
    17  the  same  manner as such taxes were collected and remitted prior to the
    18  enactment of this section; PROVIDED HOWEVER, FOR  A  REGIONAL  OFF-TRACK
    19  BETTING  CORPORATION  THAT  IS  COMPRISED IN THE CAPITAL DISTRICT, SHALL
    20  REMIT SUCH PAYMENTS TO PARTICIPATING COUNTIES IN  THE  SAME  FASHION  AS
    21  REQUIRED BY SECTION FIVE HUNDRED SIXTEEN OF THIS CHAPTER.
    22    § 3. This act shall take effect immediately.


         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14403-02-6