N.J. Admin. Code § 13:70-3.29

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:70-3.29 - Deductions from winnings

(a) No percentage of winnings shall be deducted by an association for itself or for another person, club or body, unless requested by the person to whom such winnings are payable, except that an association may deduct from winnings any money due it. The association shall also deduct the amount calculated by the New Jersey Horse Racing Injury Compensation Board, which shall not exceed three percent of gross overnight purses paid to owners, as assessments for the cost of workers' compensation insurance coverage pursuant to 13:70-3.46 and the rules of the New Jersey Horse Racing Injury Compensation Board set forth at N.J.A.C. 13:73.

1. The horsemen's bookkeeper at each racetrack in New Jersey shall transmit on a weekly basis all assessments collected for the cost of workers' compensation insurance or self-insurance coverage to the New Jersey Racing Commission, which shall deposit these monies in a separate account for the use of the New Jersey Horse Racing Injury Compensation Board.