Bill > A03063

This bill modifies New York state tax law to eliminate use tax exemptions for nonresident race horse owners, specifically targeting a loophole that previously allowed certain nonresidents to avoid paying use tax when bringing horses into the state for racing. The bill repeals Paragraph 29 of section 1115 and Subdivisions 9 and 10 of section 1118 of the tax law, and amends an existing provision to clarify that nonresident entities (other than individuals) bringing horses into New York for racing cannot claim an exclusion from use tax, regardless of how long they have been doing business outside the state. This change means that nonresident race horse owners will now be required to pay use tax when they bring horses into New York for racing purposes, closing a previous tax exemption. The bill takes effect immediately upon passage, ensuring quick implementation of the new tax requirements.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3063