US Laws, Codes, Statutes & Cases

 
    §  1011.  Certain credit to off-track betting corporations.  a. During
  the period that a nonprofit racing association is  simulcasting  from  a
  facility  owned by such non-profit racing association in the second zone
  as defined in section two hundred forty of this chapter  to  a  facility
  owned  by  such  nonprofit  racing  association  pursuant to section one
  thousand seven  of  this  chapter,  any  off-track  betting  corporation
  operating  in  a  county in which such association maintains a racetrack
  shall receive a credit of twenty-five per centum of the state taxes  due
  pursuant  to section five hundred twenty-seven of this chapter on wagers
  placed on races  conducted  by  such  association,  provided  that  such
  corporation has entered into an agreement with the employee organization
  representing  the  employees  of such corporation in which it has agreed
  not to reduce its workforce as a result of such simulcasting.
    b.  During  the  days  that  a  non-profit   racing   association   is
  simulcasting  from  a racetrack facility owned by such non-profit racing
  association and located in the first zone to a racetrack facility  owned
  by  such  non-profit  racing association located wholly within a city of
  one million or more, one per centum of the total wagers placed  at  such
  receiving facility shall be paid to such city.
    c.   During   the   days  that  a  non-profit  racing  association  is
  simulcasting from a facility located wholly within a city in  the  first
  zone to a racetrack facility owned by such non-profit racing association
  located  partially  within  a  city  with  a population in excess of one
  million and partially within a county, one-half per centum of the  total
  wagers  placed at such receiving facility shall be paid to such city and
  one-half per centum of such wagers shall be paid to such county.