Form St-126 - Exemption Certificate For The Purchase Of A Racehorse printable pdf download

ST-126

New York State Department of Taxation and Finance

New York State and Local Sales and Use Tax

(1/12)

Exemption Certificate for the

Purchase of a Racehorse

To be completed by the purchaser and given to the seller. You must complete a separate Form ST-126 for each racehorse

purchased.

Note: A horse that is considered to be at least four years old that has never raced in an event on which pari-mutuel wagering is

authorized by law is not eligible for this exemption.

Name of seller

Name of purchaser

Address

(number and street)

City

State

ZIP code

City

State

ZIP code

Horse’s name

Type of horse (thoroughbred or standardbred)

Date of foaling

Sire’s name

Dam’s name

Mark an X in the appropriate box and complete as applicable.

A. This horse is registered with the:

Jockey Club

(enter registration number)

United States Trotting Association

(enter registration number)

National Steeplechase and Hunt Association

(enter registration number)

This horse is no more than 24 months old and is eligible to be registered with one of the associations listed under A.

Certification: I certify that I am purchasing the horse described above with the intent of entering this horse in a racing event in

which pari-mutuel wagering is authorized by law. I certify that the above statements are true, complete, and correct, and that no

material information has been omitted. I make these statements and issue this exemption certificate with the knowledge that this

document provides evidence that state and local sales or use taxes do not apply to a transaction or transactions for which I tendered

this document and that willfully issuing this document with the intent to evade any such tax may constitute a felony or other crime

under New York State Law, punishable by a substantial fine and a possible jail sentence. I understand that the vendor is a trustee

for, and on account of, New York State and any locality with respect to any state or local sales or use tax the vendor is required to

collect from me; that the vendor is required to collect such taxes from me unless I properly furnish this certificate to the vendor; and

that the vendor must retain this certificate and make it available to the Tax Department upon request. I also understand that the Tax

Department is authorized to investigate the validity of tax exemptions claimed and the accuracy of any information entered on this

document.

Type or print name and title of owner, partner, or authorized person of purchaser

Signature of owner, partner, or authorized person of purchaser

Date prepared

Substantial penalties will result from misuse of this certificate.

Form St-126 - Exemption Certificate For The Purchase Of A Racehorse

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