Form NYC-RAX "Horse Race Admissions Tax Return" - New York City

What Is Form NYC-RAX?

This is a legal form that was released by the New York City Department of Finance - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 20, 2011;
  • The latest edition provided by the New York City Department of Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form NYC-RAX by clicking the link below or browse more documents and templates provided by the New York City Department of Finance.

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Download Form NYC-RAX "Horse Race Admissions Tax Return" - New York City

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Horse Race Admissions Tax Return
RAX
NEW YORK CITY DEPARTMENT OF FINANCE
N Y C
Pursuant to Chapter 12, Title 11 of the Administrative Code
For the period from ____________________________________________, to ________________________________________________
Print or Type:
Name
Address(number and street)
EMPLOYER IDENTIFICATION NUMBER
City and State
Zip Code
Business Telephone Number
Email Address
a. Name of Track: ________________________________________________________________________________
b. Number of Persons Admitted:____________________ c. TOTAL NYC TAX COLLECTED: $_____________________
Payment Enclosed
A. Payment
Pay amount shown on line 5 - Make check payable to: NYC Department of Finance G
1.
Total taxable admissions for New York State Racing admissions Tax Return ............................... 1.
2.
Tax at 3% of line 1.......................................................................................................................... 2.
3.
Interest............................................................................................................................................ 3.
4.
Penalty............................................................................................................................................ 4.
5.
Total Remittance Due ..................................................................................................................... 5.
}
ACKNOWLEDGMENT
STATE OF NEW YORK
SS.:
COUNTY OF
________________________________________, being duly sworn says that he is the __________________________________,
an association duly authorized under the law of the State of New York to conduct a race meeting and that the statements contained
in the foregoing return are true.
__________________________________________
Signed
Sworn to me before this
day of
, 20
________________________
__________________________
________
___________________________________________________________________
[ Notary stamp or Seal]
Notary Public
SEE INSTRUCTIONS ON THE REVERSE SIDE FOR FILING AND MAILING INFORMATION
NYC-RAX - 09.20.11
Horse Race Admissions Tax Return
RAX
NEW YORK CITY DEPARTMENT OF FINANCE
N Y C
Pursuant to Chapter 12, Title 11 of the Administrative Code
For the period from ____________________________________________, to ________________________________________________
Print or Type:
Name
Address(number and street)
EMPLOYER IDENTIFICATION NUMBER
City and State
Zip Code
Business Telephone Number
Email Address
a. Name of Track: ________________________________________________________________________________
b. Number of Persons Admitted:____________________ c. TOTAL NYC TAX COLLECTED: $_____________________
Payment Enclosed
A. Payment
Pay amount shown on line 5 - Make check payable to: NYC Department of Finance G
1.
Total taxable admissions for New York State Racing admissions Tax Return ............................... 1.
2.
Tax at 3% of line 1.......................................................................................................................... 2.
3.
Interest............................................................................................................................................ 3.
4.
Penalty............................................................................................................................................ 4.
5.
Total Remittance Due ..................................................................................................................... 5.
}
ACKNOWLEDGMENT
STATE OF NEW YORK
SS.:
COUNTY OF
________________________________________, being duly sworn says that he is the __________________________________,
an association duly authorized under the law of the State of New York to conduct a race meeting and that the statements contained
in the foregoing return are true.
__________________________________________
Signed
Sworn to me before this
day of
, 20
________________________
__________________________
________
___________________________________________________________________
[ Notary stamp or Seal]
Notary Public
SEE INSTRUCTIONS ON THE REVERSE SIDE FOR FILING AND MAILING INFORMATION
NYC-RAX - 09.20.11
Instructions for Form NYC-RAX - Horse Race Admissions Tax
GENERAL INFORMATION
2. The amount of the tax paid on admis-
paid. For information as to the applicable rate
sions pursuant to this chapter shall be
of interest call 212-232-1264. Interest
DEFINITIONS: SEC. 11-1201
the property of the City of New York and
amounting to less than $1 need not be paid.
1. “ Racing corporation or association ”. A
shall be held by the racing corporation
PENALTY – SEC. 11-1213
racing corporation or association or other
or association as trustee for and on
person owning or operating race meeting
account of the City of New York and the
a) If you fail to file a return when due, add
grounds or enclosures located wholly or
racing corporation or association shall
to the tax (less any payments made on
partly within the City of New York, and/or
be liable for the tax. Officers of the rac-
or before the due date) 5% for each
a racing corporation or association or
ing corporation or association shall be
month or partial month the form is late,
other person conducting race meetings
personally liable for the tax collected or
up to 25%, unless the failure is due to
at such grounds or enclosures.
required to be collected hereunder.
reasonable cause.
2. “ Person ”. Includes an individual, part-
3. Every racing corporation or association
b) If the return is filed more than 60 days
nership, society, association, joint-stock
conducting running horse race meetings
late, the minimum late filing penalty can-
company, corporation, estate, receiver,
at race meeting grounds or enclosures
not be less than the lesser of 1) $100 or
trustee, assignee, referee, or any other
located wholly or partly within the City of
2) 100% of the amount required to be
person acting in a fiduciary or represen-
New York shall, on or before April first,
shown on the return less any payment
tative capacity, whether appointed by a
nineteen hundred fifty-two and annually
or credits claimed.
court or otherwise, and any combination
thereafter, before the opening of any
of individuals.
race meeting in each year, execute and
c) If you fail to pay the tax shown on the
file with the Commissioner of Finance a
return by the prescribed filing date, add
3. “ Return ”. Includes any return filed or
bond issued by a surety company
to the tax (less any payments made)
required to be filed as herein provided.
authorized to transact business in this
1/2% for each month or partial month
state and approved by the superintend-
the payment is late up to 25%, unless
4. “Admissions”. The charge required to be
ent of insurance of this state as to sol-
the failure is due to reasonable cause.
paid by patrons for admission to a run-
vency and responsibility in an amount
ning horse race meeting, including any
sufficient to secure the payment of taxes
d) The total of the additional charges in (a)
charge required to be paid by such
and/or penalties and interest due or
and (c) may not exceed 5% for any one
patrons for admission to the clubhouse
which may become due hereunder, to be
month except as provided in (b).
or other special facilities within the race
fixed by the Commissioner of Finance.
meeting grounds or enclosure at which
If you claim not to be liable for these addi-
RETURNS – SEC. 11-1204
the running race meeting is conducted.
tional charges, a statement in support of
1. Every racing corporation or association
your claim should be attached to the return.
IMPOSITION OF TAX - SEC. 11-1202
shall file with the Commissioner of
Additional penalties may be imposed on any
A tax is hereby imposed on all admissions to
Finance daily after each day of each race
underpayment of the tax due to negligence
running horse race meetings conducted at
meeting or at such regular intervals as
or fraud.
race meeting grounds or enclosures located
the Commissioner of Finance may
TOTAL REMITTANCE DUE
wholly or partly within the City of New York at
require and upon such forms as shall be
the rate of three percent of the admission
prescribed by the Commissioner of
Add lines 2, 3, and 4 to obtain the total
price. The racing association or corporation
Finance a return showing the taxes col-
amount due. Make your check payable to
conducting a running horse race meeting
lected pursuant to this chapter and the
the order of: NYC Department of Finance.
shall, in addition to the admission price, col-
number of persons admitted to meetings
PAYMENT MUST BE IN U.S. DOLLARS,
lect such tax on all tickets sold or otherwise
conducted by the racing corporation or
DRAWN ON A U.S. BANK.
disposed of to patrons for admission with the
association during the periods covered
WHEN AND WHERE TO FILE
sole exception of those issued free passes,
by the return, together with any and all
cards or badges in accordance with the spe-
other
information
which
the
The report and all accompanying docu-
cific authority of the laws of the state of New
Commissioner of Finance shall require to
ments, including payment, must be filed and
postmarked on or before the tenth day
York. In case of failure to collect such tax the
be included and reported in such return.
after the close of each race meeting cov-
tax shall be imposed on the racing corpora-
The Commissioner of Finance may
tion or association conducting such meeting.
require at any time supplemental or
ered by the period. The term “race meeting”
amended returns of such additional infor-
means a period of time, typically a number
PAYMENT OF THE TAX – SEC. 11-1203
mation or data as he or she may specify.
of months, during which the racing corpora-
1. The tax imposed by this chapter shall be
tion or association conducts horse races at
paid by the racing corporation or associ-
2. Every return required hereunder shall
a given location on most, typically five, days
ation to the Commissioner of Finance
have annexed thereto an affidavit of an
of each week. See Title 19 of the Rules of
daily after each day of each race meet-
officer of the racing corporation or asso-
the City of New York §47-02(d). Reports and
ing, by depositing it to the account of the
ciation to the effect that the statements
remittances should be mailed to:
City in such bank or banks as may be
contained therein are true.
designated by the City in accordance
NYC Department of Finance
INTEREST – SEC. 11-1213
with the provisions of section four hun-
Automated Tax Processing Unit
dred twenty-one of the New York City
If the tax is not paid on or before the due date,
Horse Race Admissions Tax
Charter or at such regular intervals as the
interest must be paid on the amount of the
59 Maiden Lane, 19th Floor
Commissioner of Finance may require.
underpayment from the due date to the date
New York, NY 10038
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