Senate Bill S7907

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

Sponsored By

Current Bill Status - In Senate Committee Finance 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2025-S7907 (ACTIVE) - Details

See Assembly Version of this Bill:
A8527
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Amd §1111, Tax L

2025-S7907 (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-S7907 (ACTIVE) - Sponsor Memo

2025-S7907 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7907
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 13, 2025
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.