Assembly Bill A8527

2025-2026 Legislative Session

Relates to the imposition of sales tax on the sale of race horses made through claiming races

download bill text pdf

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Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A8527 (ACTIVE) - Details

See Senate Version of this Bill:
S7907
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1111, Tax L

2025-A8527 (ACTIVE) - Summary

Expands the imposition of sales tax on the sale of race horses made through claiming races to include the total sale price on each sale.

2025-A8527 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8527
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 20, 2025
                                ___________
 
 Introduced by M. of A. SIMONE -- read once and referred to the Committee
   on Ways and Means
 
 AN  ACT  to  amend  the tax law, in relation to sales tax on the sale of
   race horses made through claiming races
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Subdivision (g) of section 1111 of the tax law, as amended
 by chapter 287 of the laws of 1985, is amended to read as follows:
   (g) The sale of race horses made through  claiming  races  within  the
 state,  shall  be subject to sales tax [but only on such portions of the
 total purchase price that exceed the highest of any prior purchase pric-
 es paid for the same horse during the  same  calendar  year  within  the
 state.  Where  no  previous  purchases  have been made within a calendar
 year, the full purchase price shall be taxable]. Officials of  all  race
 tracks  in  the state shall maintain and make available, upon reasonable
 request, accurate and detailed lists of such sales.
   § 2. This act shall take effect  on the first day  of  the  sales  tax
 quarterly period, as described in subdivision (b) of section 1136 of the
 tax  law,  beginning at least 90 days after the date this act shall have
 become a law and shall apply in accordance with the  applicable  transi-
 tional provisions of sections 1106 and 1217 of the tax law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11055-02-5

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