Chapter 60, Article 1A NMSA 1978 may be cited as the “Horse Racing Act”. History: Laws 2007, ch. 39, § 1. ANNOTATIONS Compiler’s notes. — Laws 2007, ch. 39, § 34, repealed the former Horse Racing Act, § 60-1-23 NMSA 1978, and enacted a new Horse Racing Act, effective July 1, 2007. For provisions of […]
A. A person required by the Horse Racing Act to have an occupational license shall apply for and may be issued an occupational license by the commission. B. An application for an occupational license shall be submitted in writing on forms designated by the commission. An applicant shall affirm that information contained in the application […]
A. A license shall not be issued or renewed unless the applicant has satisfied the commission that the applicant: (1) is of good moral character, is honest and has integrity; (2) does not currently have a license suspended by a horse racing licensing authority in another jurisdiction; (3) does not have any prior activities, criminal […]
There shall be three stewards, licensed and employed by the commission, to supervise each horse race meet. One of the stewards shall be designated the presiding official steward of the race meet. Stewards, other than the presiding official steward, shall be employed subject to the approval of the racetrack licensee. All stewards shall be licensed […]
The commission shall hire or contract with an equine health and testing advisor. An equine health and testing advisor shall be a doctor of veterinary medicine or shall hold a doctorate degree in chemistry or a related field and shall be knowledgeable and experienced in the techniques used for testing the specimens collected pursuant to […]
A. The commission shall adopt rules applying to the handling of pre- and post-race, out-of-competition and necropsy testing of blood serum plasma, urine or other appropriate test samples identified by the commission to be taken from racehorses, following guidelines that meet or exceed the standards established in model rules published by the association of racing […]
The “racehorse testing fund” is created in the state treasury. The purpose of the fund is to ensure the testing of racehorses at a laboratory that meets or exceeds the current national laboratory standards for the testing of drugs or other foreign substances not naturally occurring in a horse, as established by the association of […]
A. A racetrack licensee may conduct pari-mutuel wagering on live horse races or on simulcasted horse races. B. Pari-mutuel wagering may be conducted only on the licensed premises where a live horse race is conducted or where a simulcast horse race is televised or projected on the racing grounds of the licensed premises of a […]
A. All simulcasting of horse races shall have prior approval of the commission, and the commission shall adopt rules concerning the simulcasting of horse races as provided in this section. B. A racetrack licensee shall not be allowed to simulcast horse races unless that racetrack licensee offers at least seventeen days per year of pari-mutuel […]
A. Subject to the federal Interstate Horseracing Act of 1978, the commission may permit a racetrack licensee to participate in interstate common pools. All provisions of the Horse Racing Act that govern pari-mutuel wagering apply to pari-mutuel wagering in interstate common pools except as otherwise provided in this section. B. Daily pari-mutuel tax and daily […]
A. The “daily pari-mutuel tax” is imposed on a racetrack licensee that offers pari-mutuel wagering at the racetrack licensee’s licensed premises and shall be remitted to the taxation and revenue department for deposit in the general fund. B. The daily pari-mutuel tax imposed on class A racetrack licensees pursuant to this section shall be: (1) […]
A. Each racetrack licensee shall notify the commission at least thirty days prior to each race meet of the amount of exotic wager retainage that the racetrack licensee will retain pursuant to Paragraph (1) or (2) of this subsection. There shall be an amount retained by the racetrack licensee equal to: (1) for a class […]
As used in the Horse Racing Act: A. “board” means the gaming control board; B. “breakage” means the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten; C. “commission” means the state racing commission; D. “exotic wagering” means all wagering other than on win, place or show, through […]
A. A “daily capital outlay tax” of two and three-sixteenths percent is imposed on the gross amount wagered each day at a racetrack where horse racing is conducted on the premises of a racetrack licensee and also on the gross amount wagered each day when a racetrack licensee is engaged in simulcasting pursuant to the […]
A. In the event that money allocated to the New Mexico horse breeders’ association pursuant to Section 60-1A-19 NMSA 1978 cannot be received or administered by the New Mexico horse breeders’ association, the commission or another organization designated by the commission and under the absolute control of the commission shall receive and administer the money […]
A. Taxes imposed pursuant to the Horse Racing Act shall be remitted to the commission, and a notice of the remittance shall accompany the taxes paid by a racetrack licensee by the close of the business day on Thursday of every week. Failure to make weekly remittances by the racetrack licensee shall result in an […]
A. The “horse racing suspense account” is created in the state treasury to hold funds remitted to the commission for payment of all legal claims for refunds. B. Money in the horse racing suspense account exceeding three thousand dollars ($3,000) shall be transferred to the taxation and revenue department for deposit in the general fund. […]
A. The New Mexico horse breeders’ association shall create a fund to pay horse breeders of New Mexico-bred horses merit and incentive awards. B. A racetrack licensee shall pay into a fund created by the New Mexico horse breeders’ association an amount equal to ten percent of the first money of a purse won, except […]
A person who willfully violates, attempts to violate or conspires to violate a requirement of the Horse Racing Act or a prohibition specifically set forth in the Horse Racing Act is guilty of a fourth degree felony and shall be sentenced pursuant to the provisions of Section 31-18-15 NMSA 1978. History: Laws 2007, ch. 39, […]
A. A person shall not use pari-mutuel wagering except as permitted by the commission pursuant to the Horse Racing Act or pursuant to other state law providing licensing of persons to use pari-mutuel wagering. B. A person who, directly or indirectly, uses pari-mutuel wagering in a manner that is not authorized by the commission or […]
