Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 11. TAXATION AND FINANCE |
Chapter 23. SURCHARGE ON OFF-TRACK WINNINGS |
Section 11-2301. Surcharge on off-track winnings
Latest version.
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There shall be a surcharge of five percent of the portion of pari-mutuel wagering pools distributable to persons having placed bets at off-track betting facilities located within the city. The revenues derived from such surcharge, plus the breaks, shall be held separate and apart from any amounts otherwise authorized to be retained from pari-mutuel pools.