Bill > S07260

This bill repeals certain provisions 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 ensure that the exclusion from use tax for nonresidents does not apply to nonresidents who bring horses 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 horses into the state.