Removes restrictions on the number of non-managing owners of a race horse; specifies in cases of multiple ownership only persons having a five percent or more ownership interest in such general or limited partnerships shall be required to be licensed as an owner.
STATE OF NEW YORK
________________________________________________________________________
11106
IN ASSEMBLY
April 24, 2026
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to licensing requirements for non-managing owners of stan-
dardbred horses
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (b) of section 303-a of the racing, pari-mutuel
2 wagering and breeding law, as amended by chapter 243 of the laws of
3 2020, is amended to read as follows:
4 (b) Non-managing owners. There shall be no restriction on the number
5 of non-managing owners of a race horse [except that no horse shall be
6 entered or started that is owned by thirty-five or fewer owners unless
7 all such owners are licensed; in the event that a horse is owned by more
8 than thirty-five owners, only those individuals having a three percent
9 or greater property interest in such horse shall be required to be
10 licensed as an owner]. In the case of multiple ownership, only persons
11 having a five percent or more ownership interest in such general or
12 limited partnerships shall be required to be licensed as an owner.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15638-01-6
