NY S07907

Eliminates the current sales tax exemption that allowed race horse buyers in claiming races to pay tax only on the portion of the purchase price exceeding any prior purchase price paid for the same horse during the same calendar year

Requires sales tax to be imposed on the full purchase price of race horses sold through claiming races, regardless of previous sale prices within the same year

Maintains the requirement that race track officials keep and make available accurate, detailed lists of claiming race sales

Takes effect on the first day of the sales tax quarterly period beginning at least 90 days after the bill becomes law