§ 47-01 Obligation to Collect and Pay Tax.
RCNY § 47-01
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.
