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TO INCREASE NEW YORK RACING TAX ALBANY. N. Y . January 21.— A 12 per esnt -tatc tax on all horse racing in the state is pro-IHpsed iu a bill introduced yesterday by assemblyman Charles H. Betts. More than 1921.sh00. 00O would lie added lo the states I income by the mea-ure. The present 5 per cent I tax, which is distributed among the state agricul-! tural societies, would be discontinued.