209-O – Retired and Rescued Standardbred Race Horse Aftercare.

* §  209-O.  Retired  and  rescued  standardbred race horse aftercare.
  Effective for any tax year commencing on or after the effective date  of
  this  section, a taxpayer in any taxable year may elect to contribute to
  the agriculture  and  New  York  horse  breeding  and  development  fund
  established  pursuant  to  section  three  hundred thirty of the racing,
  pari-mutuel wagering and breeding law, for the purpose  of  funding  the
  operation  of retired race horse aftercare facilities. Any contributions
  made to the agriculture and New York state  horse  breeding  development
  fund  pursuant  to  this  section  shall  be  deposited into a dedicated
  account managed by the fund, which shall solely be used for funding  the
  operation  of retired race horse aftercare facilities, with a preference
  for those organizations that are accredited horse retirement and  rescue
  programs.  Such  contribution  shall  be  in any whole dollar amount and
  shall not reduce the amount of the state tax owed by such taxpayer.  The
  commissioner  shall  include space on the corporate income tax return to
  enable a taxpayer to make such contribution. Notwithstanding  any  other
  provision  of law, all revenues collected pursuant to this section shall
  be credited to the New York state standardbred retirement race horse and
  aftercare fund and shall be used only for those purposes  enumerated  in
  paragraph  j  of  subdivision one of section three hundred thirty-two of
  the racing, pari-mutuel wagering and breeding law.
* NB Effective January 1, 2022