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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