Form ST-126 Exemption Certificate for the Purchase of a Racehorse - New York

What Is Form ST-126?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form ST-126?
A: Form ST-126 is an exemption certificate for the purchase of a racehorse in New York.

Q: What is the purpose of the Form ST-126?
A: The purpose of Form ST-126 is to certify that the purchaser of a racehorse is eligible for a sales tax exemption.

Q: Who can use the Form ST-126?
A: The Form ST-126 can be used by individuals or businesses purchasing a racehorse in New York.

Q: How can I obtain the Form ST-126?
A: The Form ST-126 can be obtained from the New York State Department of Taxation and Finance.

Q: What information is required on the Form ST-126?
A: The Form ST-126 requires information about the purchaser, the seller, and the racehorse being purchased.

Q: Are there any conditions for the sales tax exemption?
A: Yes, there are conditions for the sales tax exemption, such as the racehorse being used for racing purposes and certain ownership requirements.

Q: Can the Form ST-126 be used for other types of purchases?
A: No, the Form ST-126 is specifically for the purchase of a racehorse and cannot be used for other types of purchases.

Q: Do I need to submit the Form ST-126 with my tax return?
A: Yes, the Form ST-126 should be included with your sales tax return.

Q: How long is the sales tax exemption valid for?
A: The sales tax exemption is valid for one year from the date of issuance of the Form ST-126.