N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 908
Non-refundable tax credit

Each regional off-track betting corporation shall be entitled to a monthly non-refundable tax credit to be applied against the pari-mutuel tax on all pools on races conducted within New York state. Such credit shall be equal to fifty-four percent of the pari-mutuel tax attributable to such corporation’s daily increase in wagers on races at each respective track authorized by this chapter on races conducted within New York state compared to such corporation’s average daily wagers on races conducted within New York state during the year ending December thirty-first, two thousand four. * NB Repealed September 1, 2025

Source: Section 908 — Non-refundable tax credit, https://www.nysenate.gov/legislation/laws/PML/908 (updated May 16, 2025; accessed Jun. 21, 2025).

901
Reduction in retained commission 902
Equine drug testing and expenses 903
Simulcasting rights 904
On-track wagers on the Kentucky Derby, the Preakness and the Breeders’ Cup 905
Combination of New York wagers with wagers made in other states or foreign countries 906
Handicapping tournaments 908
Non-refundable tax credit 910
Reciprocity of licenses 911
Advance deposit wagering

Up to date

Verified:
Jun. 21, 2025

Last modified:
May 16, 2025

§ 908. Non-refundable tax credit's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._racing,_pari-mutuel_wagering_and_breeding_law_section_908

Original Source: Section 908 — Non-refundable tax credit, https://www.nysenate.gov/legislation/laws/PML/908 (last accessed Jun. 21, 2025).

N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 908 Non-refundable tax credit

N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 908
Non-refundable tax credit