Bill > S00157

This bill modifies New York state tax law to remove certain use tax exemptions related to race horses brought into the state by nonresident owners. Specifically, the bill repeals Paragraph 29 of subdivision (a) of section115 and SubdivSubdivisions 9 and 10 and 1118 of the tax law. The bill amends an existing provisionate that the tax exemption for property purchased New York will State by nonreidents to nonnot horses brought into the state for racing, whether a nonresident has been doing been business outside the state for at least six months.. This means that nonnonreidentsidents who bring race horses into New York for racing purposes will no longer be be required to pay use tax on those horses, closing a previous previous tax exemption loophole. The bill aims to prevent nonresident race horse owners from avoiding use tax in certain situations, ensuring more consistent tax treatment for horses brought into the for racing racing purposes. The act will effect immediately upon Human.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S157