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Can you summarize NYCL TAX Article 34?
Tax > New York State Lottery For Education
Short Summary
These legal documents cover various aspects of the New York State Lottery for Education, including the acquisition of equipment and services for online lottery games, conduct of special prize drawings, licensing and regulation of video lottery gaming, operation and administration of joint, multi-jurisdiction, and out-of-state lotteries, crediting of lottery prizes against past due tax liabilities, handling of unclaimed and abandoned prize money, fiscal planning and reporting requirements, crediting of lottery prizes against public assistance benefits, crediting of lottery prizes against past-due support, disposition of revenues generated from the New York State Lottery for Education, delivery of funds and designation of banks, age restrictions for lottery ticket sales, suspension and revocation of licenses, licensing of lottery sales agents and other licensees, and powers and duties of the division responsible for operating and administering the New York State Lottery. These documents apply to various entities involved in the New York State Lottery, including the division responsible for the lottery, proposers of equipment and services, gaming commission, racetracks and facilities, government-authorized groups, lottery sales agents, prize winners, individuals and entities with past due tax liabilities, individuals entitled to lottery prizes, individuals, estates, or trusts with past-due support, and individuals and entities involved in the operation and administration of the New York State Lottery. The documents do not apply to equipment or services acquired through a governmental agency or instrumentality. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Division responsible for the lottery, proposers of equipment and services for online lottery games, special prize drawing participants, gaming commission, racetracks and facilities in New York State, government-authorized group of other jurisdictions, lottery sales agents, prize winners, individuals and entities with past due tax liabilities, individuals entitled to lottery prizes, individuals, estates, or trusts with past-due support, individuals and entities involved in the New York State Lottery for Education, lottery sales agents, individuals and entities involved in the operation and administration of the New York State Lottery
What does it govern?
Acquisition of equipment and services for online lottery games, conduct of special prize drawings, licensing and regulation of video lottery gaming, operation and administration of joint, multi-jurisdiction, and out-of-state lotteries, crediting of lottery prizes against past due tax liabilities, handling of unclaimed and abandoned prize money, fiscal planning and reporting requirements, crediting of lottery prizes against public assistance benefits, crediting of lottery prizes against past-due support, disposition of revenues generated from the New York State Lottery for Education, delivery of funds and designation of banks, age restrictions for lottery ticket sales, suspension and revocation of licenses, licensing of lottery sales agents and other licensees, powers and duties of the division responsible for operating and administering the New York State Lottery
What are exemptions?
Equipment or services acquired through a governmental agency or instrumentality
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
New York