Investment Incentive Summary for 2020
Three-Year Racehorse Depreciation Extension Signed Into Law by President
LEXINGTON, Ky. (December 20, 2019) – A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law by the President earlier Friday. The racehorse provision, [...]
TOC Teleconference: Overview of New Tax Bill
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 [...]
TAX BILL BENEFITS THOROUGHBRED BREEDERS AND OWNERS, DOUBLES CERTAIN DEPRECIATION BENEFITS, RETAINS MISCELLANEOUS LOSS DEDUCTION FOR HORSEPLAYERS
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 [...]
Twelve Congressmen Sign Letter Urging Treasury To Enact Recently Proposed Tax Reporting, Withholding Regulations
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 [...]
UNITED STATES SENATE COMMITTEE JOINS HOUSE IN PRESSING TREASURY AND IRS TO MODERNIZE PARI-MUTUEL TAX TREATMENT
IMMEDIATE RELEASE Contact: Joan Lawrence (646) 335-6833 UNITED STATES SENATE COMMITTEE JOINS HOUSE IN PRESSING TREASURY AND IRS TO MODERNIZE PARI-MUTUEL TAX TREATMENT WASHINGTON, D.C. (Thursday, June 16, 2016) The [...]
Congressional Committee Pushes IRS To Modernize Pari-Mutuel Tax Treatment
IMMEDIATE RELEASE Contact: Joan Lawrence (646) 335-6833 CONGRESSIONAL COMMITTEE PUSHES IRS TO MODERNIZE PARI-MUTUEL TAX TREATMENT The U.S. House of Representatives Committee on Appropriations today passed the Financial Services and [...]
Retroactive 2015 Investment Incentives
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