Senate Bill S7260

2021-2022 Legislative Session

Relates to use tax exemptions for certain race horses; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-S7260 (ACTIVE) - Details

See Assembly Version of this Bill:
A7745
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Rpld §1115 sub (a) ¶29, §1118 subs 9 & 10, amd §1118, Tax L
Versions Introduced in Other Legislative Sessions:
2023-2024: S481, A1438
2025-2026: S157

2021-S7260 (ACTIVE) - Summary

Repeals certain provisions relating to use tax exemptions for certain race horses; prevents nonresident racehorse owners from avoiding use tax in certain situations.

2021-S7260 (ACTIVE) - Sponsor Memo

2021-S7260 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7260
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               June 25, 2021
                                ___________
 
 Introduced by Sens. SALAZAR, BIAGGI, BRISPORT, JACKSON -- read twice and
   ordered  printed, and when printed to be committed to the Committee on
   Rules
 
 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

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraph 29 of subdivision (a) of section 1115 of the tax
 law is REPEALED.
   § 2. Subdivisions 9 and  10  of  section  1118  of  the  tax  law  are
 REPEALED.
   § 3. Paragraph (b) of subdivision 2 of section 1118 of the tax law, as
 added  by  section  2  of  part CC of chapter 59 of the laws of 2017, is
 amended to read as follows:
   (b) Notwithstanding any provision of this article to the contrary, the
 exclusion in paragraph (a) of this subdivision shall not  apply  to  the
 use  within  the  state  of property or a service purchased outside this
 state by a nonresident that is not an individual, unless  such  nonresi-
 dent  has  been doing business outside the state for at least six months
 prior to the date such nonresident brought such property or service into
 this state.  FOR PURPOSES OF THIS PARAGRAPH, THE EXCLUSION IN  PARAGRAPH
 (A)  OF  THIS SUBDIVISION SHALL NOT APPLY TO ANY NONRESIDENT THAT IS NOT
 AN INDIVIDUAL WHEN THE PROPERTY PURCHASED BY SUCH NONRESIDENT IS A HORSE
 OR HORSES BROUGHT INTO THE STATE FOR RACING, REGARDLESS OF WHETHER  SUCH
 NONRESIDENT  HAS  BEEN DOING BUSINESS OUTSIDE THE STATE FOR AT LEAST SIX
 MONTHS PRIOR TO THE DATE SUCH HORSE OR  HORSES  WERE  BROUGHT  INTO  THE
 STATE FOR RACING.
   § 4. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11222-01-1

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