New York S05201 allows lottery winners who lost their tickets to claim prizes if they provide proof of purchase within one year.
New York S05201 amends the tax law to allow a potential lottery winner who lost their ticket to claim the winning amount if they show documentary proof of purchase to the lottery agency within one year of the winning date. Sellers of lottery tickets must retain identifying information or proof of sale for at least one year from the date of the drawing or from the close of the game in which a prize was won. This information can be used as proof of purchase for a lost ticket claim. The act takes effect immediately.
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