Bill
Bill > A01438
NY A01438
NY A01438Repeals certain provisions relating to use tax exemptions for certain race horses; prevents nonresident race horse owners from avoiding use tax in certain situations.
summary
Introduced
01/17/2023
01/17/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to use tax exemptions for certain race horses; and to repeal certain provisions of such law relating thereto
AI Summary
This bill repeals certain tax exemptions for race horses in New York and prevents non-resident race horse owners from avoiding use tax when bringing horses into the state for racing, regardless of how long they have been doing business outside the state. Specifically, it repeals provisions that exempted certain race horses from the state's use tax and requires non-resident race horse owners to pay the use tax when bringing horses into New York for racing purposes, even if they have been doing business outside the state for less than six months.
Committee Categories
Budget and Finance
Sponsors (19)
Linda Rosenthal (D)*,
Rodneyse Bichotte Hermelyn (D),
Alex Bores (D),
Kenny Burgos (D),
William Colton (D),
Maritza Davila (D),
Harvey Epstein (D),
Emily Gallagher (D),
Deborah Glick (D),
Jessica González-Rojas (D),
Anna Kelles (D),
Ron Kim (D),
Zohran Mamdani (D),
Karines Reyes (D),
Rebecca Seawright (D),
Sarahana Shrestha (D),
Jo Anne Simon (D),
Tony Simone (D),
Phara Souffrant Forrest (D),
Last Action
referred to ways and means (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A1438 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01438&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01438 |
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