Bill > A08527

This bill amends the New York State tax law to expand the sales tax application on race horses sold through claiming races, which are specialized horse racing events where horses can be purchased at a preset price. Previously, sales tax was only applied to portions of the total purchase price that exceeded the highest prior purchase prices for the same horse within the same calendar year, or the full price if no previous purchases had been made. The new legislation removes this limitation, meaning sales tax will now be imposed on the entire sale price of the horse during each claiming race transaction. The bill requires race track officials to maintain and provide detailed lists of such sales upon request. The tax change will take effect on the first day of the sales tax quarterly period at least 90 days after the bill becomes law, and will be implemented in accordance with existing transitional provisions in the state tax law. This change is likely intended to simplify tax collection and potentially increase tax revenue from horse racing sales.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A8527