Bill > S00481

This bill repeals certain provisions related to use tax exemptions for certain race horses, and prevents nonresident race horse owners from avoiding use tax in certain situations. Specifically, it repeals the paragraph of the tax law that provided a use tax exemption for certain race horses, as well as the subdivisions that exempted certain race horse purchases from use tax. Additionally, it amends the tax law to state that the existing exclusion from use tax for out-of-state purchases by 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 in.