New York A03095 amends tax law to adjust the investment of video lottery gaming funds for horse races.
New York A03095 amends the tax law to adjust the investment of funds wagered on video lottery gaming for certain horse races. It modifies the percentages of vendor fees to be deposited into various accounts, including for capital expenditures, general thoroughbred racing operations, and education support payments. The bill also repeals certain provisions and mandates that any unused funds be returned to video lottery gaming operators. The changes aim to ensure economic development, job creation, and workforce protections in counties hosting video lottery gaming facilities.
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