N.Y. Comp. Codes R. & Regs. tit. 9 § 5002.7

Current through Register Vol. 46, No. 45, November 2, 2024

Section 5002.7 - Payments to single claimant only

(a)One prize claim form per claimant. Each prize claim form shall be filed in the name of a single legal entity as claimant, either one individual or one entity.

(b)Entity as claimant. A prize claim may be entered in the name of an entity (e.g., a limited liability company, partnership, corporation, trust) only if the entity possesses a Federal employer identification number (FEIN) issued by the Internal Revenue Service and such number is shown on the prize claim form. Each person who will receive any beneficial interest in a portion of the prize through the claiming entity shall submit such personal identifying information as the commission may require, to assist the commission in applying any offset liability required by Tax Law sections 1613-a, 1613-b and 1613-c. Groups or entities without an FEIN are not permitted to claim in the name of the group or entity.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5002.7

Amended New York State Register April 10, 2024/Volume XLVI, Issue 15, eff. 4/10/2024