New York Senate Bill S04726 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 4726--A 2023-2024 Regular Sessions  IN SENATE February 14, 2023 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing -- recommitted to the Committee on Racing, Gaming and Wagering in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to permitting a potential lottery winner who lost their ticket to claim the winning amount The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The section heading of section 1614 of the tax law, as 2 amended by chapter 166 of the laws of 1991, is amended to read as 3 follows: 4 Unclaimed and abandoned prize money; lost lottery ticket claims. 5 § 2. The opening paragraph of subdivision a of section 1614 of the tax 6 law, as amended by section 3 of subpart D of part DD of chapter 59 of 7 the laws of 2019, is amended and a new subdivision c is added to read as 8 follows: 9 No prize claim shall be valid if submitted to the commission following 10 the expiration of a one-year time period from the date of the drawing or 11 from the close of the game in which a prize was won, and the person 12 otherwise entitled to such prize shall forfeit any claim or entitlement 13 to such prize moneys, unless such prize claim is submitted pursuant to 14 subdivision c of this section. Unclaimed prize money, plus interest 15 earned thereon, shall be retained in the lottery prize account to be 16 used for payment of special lotto or supplemental lotto prizes offered 17 pursuant to the plan or plans specified in this article, or for promo- 18 tional purposes to supplement other games on an occasional basis not to 19 exceed sixteen weeks within any twelve month period pursuant to the plan 20 or plans specified in this article. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07014-03-4 
 S. 4726--A 2 1 c. Notwithstanding subdivision a of this section, a prize claim for a 2 person who lost his or her ticket shall be valid if submitted to the 3 commission with documentary proof of purchase from the seller of such 4 winning ticket, as established pursuant to paragraph three of subdivi- 5 sion b of section one thousand six hundred nine of this article, within 6 one year from the date of the drawing or from the close of the game in 7 which a prize was won. Upon a showing of such proof, the commission 8 shall promptly make payment of the prize claim to such person. 9 § 3. Subdivision b of section 1609 of the tax law is amended by adding 10 a new paragraph 3 to read as follows: 11 3. Every seller of lottery tickets shall retain identifying informa- 12 tion, or proof of such sale, for at least one year from the date of the 13 applicable drawing or from the close of the applicable game in which a 14 prize was won. Such identifying information, or proof of sale, may be 15 used as documentary proof of purchase from the seller for purposes of 16 subdivision c of section one thousand six hundred fourteen of this arti- 17 cle. 18 § 4. This act shall take effect immediately.