Wicks Bill Now Law, Daily Racing Form, 1942-05-29

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Wicks BiN Now Law ALBANY, N. Y., May 28. Governor Lehman has approved a bill designed to amend the pari-mutuel law in relation to the disposition of pari-mutuel pools, percentage payable to thestate as a tax. This legislation was introduced by Senator Arthur H. Wicks, of Kingston, chairman of the state finance committee. With his approval of this legislation the governor in a memorandum said: "This bill was enacted as a complimentary measure to the armory bill, in which the state takes over the cost of operating the armories throughout the state. It increases the states share of the pari-mutuel tax from five per cent to six per cent. It is expected to bring substantial additional revenue to the state. Only a relatively small part of the increased revenue, however, will be available to the state during the coming fiscal year since this bill goes into effect only on January 1, 1943."


Persistent Link: https://drf.uky.edu/catalog/1940s/drf1942052901/drf1942052901_6_2
Local Identifier: drf1942052901_6_2
Library of Congress Record: https://lccn.loc.gov/unk82075800