New York Laws
Article 1 - Supervision and Regulation
115-B - Market Origin Credits.

(i) Sixty percent to thoroughbred racing associations and franchised
corporations. Five-sixths shall be allocated to a franchised corporation
and one-sixth shall be allocated to a thoroughbred racing association.
(ii) Forty percent to harness racing associations and corporations.
Allocations to individual harness racing associations and corporations
shall be made based on a ratio where the numerator is the association's
or corporation's total in-state handle on live racing for the previous
calendar year as calculated by the commission and the denominator is the
total in-state on live handle for all harness racing associations and
corporations for the previous calendar year as calculated by the
commission.
3. As a condition for any racing association or corporation or
franchised corporation to claim any market origin credits allocated to
it, such racing association or corporation or franchised corporation
must make payments for moneys otherwise to be used to pay the regulatory
fee as follows:
(i) Payment of an amount equal to forty percent of the allocated
credits into an account used solely for the purpose of enhancing purses
at such racing association or corporation or franchised corporation.
Such payment shall be made within five days from receipt of notification
of an allocation by the commission of an allocation of market origin
credits;
(ii) Payment of an amount equal to twenty percent of the allocated
credits to the state's breeding funds. Sixty percent of the payments to
the breeding funds shall be allocated to the New York state thoroughbred
breeding and development fund corporation established pursuant to
section two hundred fifty-two of this chapter, and forty percent to the
agriculture and New York state horse breeding development fund

established pursuant to section three hundred thirty of this chapter.
Such payment shall be made within five days from receipt of notification
of an allocation by the commission of an allocation of market origin
credits.
4. The commission shall promulgate any rules and regulations necessary
for the administration of the market origin credit.

Structure New York Laws