Racing commission’s reporting requirements reformed by new law

Racing commission’s reporting requirements reformed by new law

Ron Dancer

TRENTON, N.J. – The New Jersey Racing Commission, which oversees the horse racing industry in the state, will now be able to file its annual reports at the end of the state’s fiscal year rather than the calendar year.

Assemblyman Ron Dancer, a prime sponsor of the bill (A5439/S3760), says the new law eliminates the need to file multiple incomplete reports to meet the statutory filing deadlines.

“The commission didn’t have access to all the data needed to file its annual report because of the differing fiscal calendars and had to file numerous supplemental reports as that data became available,” Dancer (R-Ocean) said. “This change will streamline the process, making it more efficient.”

Gov. Phil Murphy signed the bill into law on Tuesday.

The racing commission regulates the safety and integrity of horse racing at the state’s three racetracks in addition to Thoroughbred and Standardbred permit holders. The commission must submit its reports to the governor’s office annually.