NY S07719

Prohibits slaughter of thoroughbred and standardbred race horses and breeding stock for commercial purposes, with violations classified as misdemeanors punishable by fines of up to $5,000 per horse for individuals and $10,000 for corporations on first offense, and up to $10,000 and $20,000 respectively for subsequent violations.

Requires all race horses competing in New York to be microchipped and registered before eligibility to compete, with microchip information made publicly available in digital format accessible online.

Establishes owner liability for violations occurring after January 1, 2021, unless proper documentation of ownership transfer to a party with no financial or familial relationship to the previous owner is provided.

Directs civil penalties collected from violations to dedicated accounts within the thoroughbred breeding and development fund and horse breeding development fund for exclusive use in caring for retired race horses, with preference for accredited horse retirement and rescue programs.

Creates optional tax deductions on personal and corporate income tax returns allowing taxpayers to contribute to thoroughbred aftercare facilities without reducing their tax liability, effective January 1, 2021.