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This entry was published on 2022-01-07
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SECTION 630-I*3
Gifts for thoroughbred aftercare
Tax (TAX) CHAPTER 60, ARTICLE 22, PART 2
* § 630-i. Gifts for thoroughbred aftercare. Effective for any tax
year commencing on or after the effective date of this section, a
taxpayer in any taxable year may elect to contribute to the New York
state thoroughbred breeding and development fund established pursuant to
section two hundred fifty-two of the racing, pari-mutuel wagering and
breeding law, for the purpose of funding the operation of retired race
horse aftercare facilities. Any contributions made to the thoroughbred
breeding and development fund pursuant to this section shall be
deposited into a dedicated account managed by the fund, which shall
solely be used for funding the operation of retired race horse aftercare
facilities, with a preference for those organizations that are
accredited horse retirement and rescue programs. Such contribution shall
be in any whole dollar amount and shall not reduce the amount of the
state tax owed by such taxpayer. The commissioner shall include space on
the personal income tax return to enable a taxpayer to make such
contribution. Notwithstanding any other provision of law, all revenues
collected pursuant to this section shall be credited to the New York
state thoroughbred retirement race horse and aftercare fund and shall be
used only for those purposes enumerated in paragraph h of subdivision
two of section two hundred fifty-four of the racing, pari-mutuel
wagering and breeding law.

* NB There are 3 § 630-i's