New York A05958 mandates that net revenue from regional off-track betting corporations be used for real property tax relief in participating counties.
New York A05958 amends the racing, pari-mutuel wagering, and breeding law to specify that any net revenue distributed to participating counties or cities by regional off-track betting corporations must be used exclusively for real property tax relief. This change ensures that funds from these corporations directly benefit taxpayers by reducing their real property tax burden.
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