Bill
A 6457
Overview: A 6457, Relates to the thoroughbred breeding and development fund, SUBSTITUTED BY S3579A, Introduced: March 05, 2025Purpose and Intent: This bill aims to make changes to
Overview: A 6457, Relates to the thoroughbred breeding and development fund, SUBSTITUTED BY S3579A, Introduced: March 05, 2025
Purpose and Intent: This bill aims to make changes to the New York State Thoroughbred Breeding and Development Fund, which provides financial support and incentives for the state's thoroughbred breeding industry.
Key Provisions:
- Increases the percentage of the handle (total amount wagered) that is allocated to the Thoroughbred Breeding and Development Fund from 1.0% to 1.2%.
- Directs a portion of the additional funds to be used for increased purses and awards for New York-bred horses.
- Modifies the composition of the Thoroughbred Breeding and Development Fund Advisory Board to include more representatives from the breeding and racing industries.
Affected Parties and Impacts:
- Thoroughbred breeders, owners, and trainers in New York State will benefit from the increased funding and incentives.
- Horse racing fans and the broader equine industry in New York may see positive impacts from a stronger thoroughbred breeding program.
Procedural and Timeline Considerations:
The bill has been substituted by S3579A, indicating it has been revised and is now moving through the legislative process under a new bill number. The next step would be for the substituted version to be considered by the relevant committees and legislative chambers.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
