Bill > A07745

This bill repeals certain provisions of the tax law relating to use tax exemptions for certain racehorses, and prevents nonresident racehorse owners from avoiding use tax in certain situations. Specifically, it repeals the use tax exemption for certain racehorses, and amends the law to state that the exclusion from use tax for property or services purchased outside the state by a nonresident does not apply to any nonresident that is not an individual when the property purchased is a horse or horses brought into the state for racing, regardless of whether the nonresident has been doing business outside the state for at least six months prior to bringing the horse(s) into the state.