How You Can Support the Legislative Action Campaign
¼ % Check-off Program – Buyers, sellers, consignors and their clients may support the Campaign by pledging 1/4 of one percent on the price of horses sold at Keeneland, Fasig-Tipton, Ocala Breeders’ Sales Company, Barretts, Breeders Sales Company of Louisiana and the Washington Thoroughbred Breeders and Owners Association. Every $1,000 in a horse’s sale price equates to $2.50 to the Campaign.
Consignors, sellers and designated agents may "pre-commit" their pledge by checking the box on Keeneland, Fasig-Tipton and Barretts sales entry forms. Buyers -- and sellers who miss the deadline for pre-commitments -- can pledge until the close of the sale billing.
For OBS sales, the NTRA requests support following the sales through a letter that details sales activity and lists suggested contribution amounts.
Foal Registration Program – Another way to support the Campaign is through the NTRA’s Foal Registration Program. Owners may contribute $50 per registered foal.
The NTRA conducts a bi-annual direct mail solicitation to fund the Foal Registration Program. However, owners may send contributions at any time to: NTRA Legislative Action Campaign, 2525 Harrodsburg Road, Suite 510, Lexington, KY 40504.
100% of contributions to the Campaign are earmarked for Federal lobbying and may be tax deductible as ordinary business expense.
If you currently contribute through the ¼ % Check-off Program or the Foal Registration Program, we offer our thanks. Your support is vital to our success and we are grateful that you have chosen to participate.
Supporters of the Campaign are eligible to receive cost savings on products and services from NTRA Advantage.
The Horseplayers' Coalition is the NTRA's legislative voice for horse racing's customers. The Coalition seeks legislative solutions to Federal tax issues that impact horseplayers and pari-mutuel racetracks, and provides grassroots support for NTRA's lobbying efforts on Capitol Hill. The Coalition’s Advisory Panel is tasked with helping the NTRA Legislative team identify, establish and prioritize player-friendly legislation.
One federal issue that is sure to impact horseplayers is the push to expand Internet gaming in the current Congress. Federal lawmakers held multiple hearings in 2011 on the subject, and the NTRA has been and will continue to be involved with the development of related draft bills in 2012.
Within these draft bills, the NTRA is working to eliminate the automatic 25 percent federal withholding tax on pari-mutuel winnings of $5,000 or more and have the current tax withholding requirements on winning wagers of over $600 on odds greater than 300-1 doubled to $1,200.
Another provision includes redefining the “cost of a wager” for purposes of tax reporting to more accurately reflect today’s emphasis on exotic wagers with complicated cost structures.
Annual membership in the Horseplayers’ Coalition is $25. Horseplayers can also join when signing up for the Daily Racing Form/NTRA National Handicapping Championship Tour (NHC Tour).
Members of the Horseplayers' Coalition are eligible to receive preferred pricing from NTRA Advantage, offering products and services from companies like John Deere, Sherwin-Williams, OfficeMax, UPS and more.
If you are already a member of the Horseplayers' Coalition, thank you for your support. Please send us your comments and questions and best of luck in 2012.
Supporters of the NTRA Legislative Action Campaign programs are eligible to receive preferred pricing from NTRA Advantage, offering products and services from companies like John Deere, Sherwin-Williams, OfficeMax and more.