New York City and County Mutuel Tax Extended to 1952, Daily Racing Form, 1949-06-10

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New York City and County Mutuel Tax Extended to 1952 NEW YORK, N. Y., June 9.— New York racegoers will be compelled to pay the current five per cent city and county tax for another three years. The City Council here has extended the "ODwyer Bite" to June 30, 1952. This tax has been in effect since April, 1946. In the closing hours of the 1946 Legislature a series of bills were enacted at the behest of Mayor William ODwyer, giving the city and counties the power to impose new local taxes to balance its budget. The "ODwyer Bite" increased the take on pari-mutuel betting in New York State from 10 to 15 percent. Ten per cent is split between the state and the racing associations. In the case of the Jamaica and Aqueduct tracks, whose properties lie entirely within the city limits, the municipality collects the full five per cent levy on the total volume of betting. At Belmont Park, which is largely in Nassau County, the tax is divided between the city and the county, the municipality collecting one and one-fourth per cent and the county three and three-fourths per cent. At Saratoga the entire five percent goes to the county.


Persistent Link: https://drf.uky.edu/catalog/1940s/drf1949061001/drf1949061001_32_8
Local Identifier: drf1949061001_32_8
Library of Congress Record: https://lccn.loc.gov/unk82075800