Chapter 12 of Title 11 of the Administrative Code of the City of New York imposes a tax on all admissions to running horse race meetings conducted at race meeting grounds or enclosures located wholly or partly within the city of New York at the rate of three percent of the admission price. The racing association or corporation conducting a running horse race meeting must collect the tax and pay it to the Department of Finance, by depositing it to the account of the City in such bank or banks as may be designated by the City.
(a) Every racing corporation or association that collects the tax described in 19 RCNY § 47-01 shall file with the Department of Finance such forms as shall be prescribed by the Department of Finance showing the taxes and the number of persons admitted to meetings conducted by the racing corporation or association during the periods covered by the return, together with any and all other information that the Department of Finance shall require to be included and reported in such return.
(b) The horse race admission tax collected as described in 19 RCNY § 47-01 must be paid not later than 10 days following the close of the race meeting at which the tax was collected.
(c) The horse race admission tax forms, described in paragraph (a) of this section, must be filed with the Department of Finance not later than 10 days following the close of the race meeting at which the horse race admission tax was collected.
(d) For purposes of this 19 RCNY § 47-02, the term "race meeting" means a period of time, typically a number of months, during which the racing corporation or association conducts horse races at a given location on most, typically five, days of each week.
To illustrate: During 2004, Aqueduct Racetrack holds three race meetings and Belmont Park holds two. At Aqueduct, the meetings are the Winter meeting, beginning January 1 and ending March 7; the Spring meeting, beginning March 10 and ending May 2; and the Fall meeting, beginning October 27 and ending December 31. The horse race admission tax collected during the meeting must be paid, and the required forms filed, no later than March 17 for the Winter meeting; May 12 for the Spring meeting; and January 10, 2005, for the Fall meeting. At Belmont, the meetings are the Spring/Summer meeting, beginning May 5 and ending July 25; and the Fall Championship meeting, beginning September 10 and ending October 24. The horse race admission tax collected during the meeting must be paid, and the required forms filed, no later than August 4 for the Spring/Summer meeting, and November 3 for the Fall meeting.