The U.S Department of the Treasury and Internal Revenue Service (IRS) has released proposed regulations for the 20 percent deduction allowed for pass-through businesses, a provision found in the [...]
THREE-YEAR RACEHORSE DEPRECIATION RETURNS RETROACTIVELY FOR FISCAL YEAR 2017 LEXINGTON, Ky. (Friday, February 9, 2018) President Trump today signed into law the Bipartisan Budget Act, a bill that among other [...]
January 11, 2018 Overview of New Tax Bill This update covers a number of areas, including aspects of the tax bill most pertinent to owners, breeders, trainers and [...]
FOR IMMEDIATE RELEASE Contact: Jim Mulvihill, NTRA Communications, (859) 422-2663, jmulvihill@ntra.com LEXINGTON, Ky. (Wednesday, December 20, 2017) – The Tax Bill cleared by Congress for President Trump’s signature contains [...]
by: Chris Larmey On Wednesday, the IRS announced new regulations regarding the withholding and reporting of pari-mutuel proceeds that will significantly help horseplayers and the entire racing industry. Just [...]
The U.S. Treasury Department and the Internal Revenue Service (IRS) today announced that they will formally adopt modernized regulations regarding the withholding and reporting of pari-mutuel proceeds. The National [...]
Contact: Keith Chamblin, NTRA, (859) 621-1120Twelve Congressmen Sign Letter Urging Treasury to Enact RECENTLY Proposed Tax Reporting, Withholding RegulationsLEXINGTON, Ky. (Wednesday, April 12, 2017) – Twelve members of Congress from [...]
Earlier today, Congressman Andy Barr (R-KY) introduced three important bills aimed at simplifying the tax code and encouraging investment in Thoroughbred racehorses. The NTRA applauds Congressman Barr for his [...]
The National Thoroughbred Racing Association (NTRA) today released the 2016 Annual Report for its bipartisan federal Political Action Committee, Horse PAC®. Horse PAC® disbursed $290,500 to federal political candidates and PACs in 2016, the largest [...]
