Requires the return of unsold instant lottery game tickets to the division of the lottery when a licensed agent goes out of business, sells their business or if their license is suspended or revoked.
Summary
Bill S06970 amends the New York tax law to require that unsold instant lottery game tickets be returned to the division of the lottery when a licensed agent goes out of business, sells their business, or if their license is suspended or revoked. The bill defines 'instant lottery game' as any lottery game involving tickets with instant play features, such as rub-off coatings or pull-tabs. This legislation aims to ensure that unsold tickets are redistributed to other licensed agents, thereby maintaining the integrity and availability of lottery games in the state.
Impact
The bill modifies existing regulations governing the sale of lottery tickets by clarifying the responsibilities of licensed agents regarding unsold tickets. It impacts state laws by reinforcing the requirement for agents to return unsold tickets under specific circumstances, which could lead to more efficient management of lottery resources and potentially increase revenue for the state lottery system. This change may also affect the operations of licensed agents who must comply with these new provisions.
Sentiment
The sentiment surrounding Bill S06970 appears to be positive, as evidenced by unanimous support in committee votes and the final passage in the Senate. The bill received no opposition during discussions, indicating a general consensus on the necessity of regulating the handling of unsold lottery tickets to enhance accountability and operational efficiency.
Contention
There do not appear to be significant points of contention regarding Bill S06970, as it has passed through committee and floor votes without dissent. However, potential concerns may arise from licensed agents regarding the implications of returning unsold tickets and the administrative burden it may impose.
Same As
Requires the return of unsold instant lottery game tickets to the division of the lottery when a licensed agent goes out of business, sells their business or if their license is suspended or revoked.