Creates the responsible retirement of racehorses fund; establishes a horse registration fee; provides such funds be expended to support responsible retirement of racehorses in this state.
Sponsor: Senator Kenneth P. LaValle
Legislative Office Building, Room 806
Albany , NY 12247
Phone: (518) 455-3121
|01/13/2017||REFERRED TO FINANCE|
STATE OF NEW YORK
2473 2017-2018 Regular Sessions IN SENATE January 13, 2017 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the creation of the responsible retirement of racehorses fund; to amend the racing, pari-mutuel wagering and breeding law, in relation to a horse registration fee; and to amend the agriculture and markets law, in relation to the responsible retirement of racehorses The People of the State of New York, represented in Senate and Assembly, do enact as follows: 1 Section 1. The state finance law is amended by adding a new section 2 95-i to read as follows: 3 § 95-i. Responsible retirement of racehorses fund. 1. There is hereby 4 established in the sole custody of the commissioner of taxation and 5 finance a special fund to be known as the "responsible retirement of 6 racehorses fund". Monies in the fund shall be kept separate from and not 7 commingled with other funds held in the sole custody of the commissioner 8 of taxation and finance. 9 2. (a) Such fund shall consist of all revenues received by the depart- 10 ment of taxation and finance pursuant to paragraph (b) of this subdivi- 11 sion and all other money appropriated, credited, or transferred thereto 12 from any other fund or source pursuant to law. Nothing contained herein 13 shall prevent the state from receiving grants, gifts or bequests for the 14 purposes of the fund as defined in this section and depositing them into 15 the fund according to law. 16 (b) The sources of the "responsible retirement of racehorses fund" 17 shall be as follows: 18 (i) one-half of one percent of the commissions from video lottery 19 gaming revenue from New York's tracks and Resorts World Casino New York 20 City and any video lottery gaming added after this section shall have 21 become a law; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [
] is old law to be omitted. LBD03145-01-7
S. 2473 2 1 (ii) one-half of one percent of all purses at the New York state 2 tracks; 3 (iii) five percent of the New York state thoroughbred breeding and 4 development fund annual revenue; and 5 (iv) ten percent of fees generated by the agriculture and New York 6 state horse breeding development fund pursuant to section three hundred 7 thirty of the racing, pari-mutuel wagering and breeding law. 8 3. The moneys in said account shall be retained by the fund and shall 9 be payable from the fund by the commissioner of taxation and finance on 10 vouchers certified or approved by the commissioner of agriculture and 11 markets or his or her designee and only for the purposes set forth in 12 this section. 13 4. The moneys in such fund shall be expended for the purpose of 14 supporting responsible horse retirement of thoroughbreds and standard- 15 breds in New York state. Eligible horse retirement and rescue programs 16 are those approved by the commissioner of agriculture and markets. 17 § 2. Section 330 of the racing, pari-mutuel wagering and breeding law 18 is amended by adding a new subdivision 6 to read as follows: 19 6. The fund is directed to establish a horse registration fee for each 20 horse registered pursuant to this chapter, with the proceeds of such fee 21 to be credited to the fund. 22 § 3. The agriculture and markets law is amended by adding a new 23 section 380 to read as follows: 24 § 380. Responsible retirement of racehorses. 1. The commissioner 25 shall compile a list of approved horse retirement and rescue programs 26 eligible to receive funding from the responsible retirement of racehors- 27 es fund established pursuant to section ninety-five-i of the state 28 finance law. The eligibility of a rescue program shall be determined 29 based upon the economic sustainability of the rescue, the rescue's long 30 term stability, the rescue's demonstration of an ongoing commitment to 31 the proper care of horses, and such other factors as the commissioner 32 shall deem appropriate after consultation with the farm bureau, horse 33 breeder associations and societies for the prevention of cruelty to 34 animals and humane societies. All approved rescues must be non-profit 35 organizations which are tax-exempt pursuant to the provisions of section 36 501(c)(3) of the Internal Revenue Code. 37 2. For purposes of this section the term racehorse shall include a 38 horse whose racing career has concluded or a horse that was bred to race 39 but has never competed in a race. 40 § 4. This act shall take effect on the one hundred twentieth day after 41 it shall have become a law.