N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 531: Reduction of local admissions taxes as a pre-condition of off-track betting

§ 531. Reduction of local admissions taxes as a pre-condition of

off-track betting. 1. Notwithstanding article eight of this chapter and

subdivision twenty-four of section sixty-four of the town law, no

locally imposed taxes on admissions to harness or running races shall be

in the aggregate more than three percent of such admissions on and after

the first day that off-track pari-mutuel betting is conducted or

continues to be conducted in such locality imposing the tax by a

regional corporation, pursuant to this article, established for the

region in which such races are conducted.

2. A regional corporation, except for such corporations consisting of

only one participating county or one city, shall annually reimburse any

city or town within such region for any reduction in admissions tax

revenues equal to the difference between such revenues for:

a. the twelve months immediately preceding the reduction required by

this section, and

b. each twelve-month period subsequent to July thirty-first, nineteen

hundred seventy-eight.