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 [...]
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LEXINGTON, Ky. (Tuesday, December 16, 2014) – A provision that retroactively extends three-year tax depreciation for all racehorses was passed by the United States Senate late today as part of [...]
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NEW YORK CITY (Tuesday, June 3, 2014) – The National Thoroughbred Racing Association (NTRA) today released a copy of a bipartisan letter from key members of Congress asking the Department [...]
WASHINGTON, D.C. (Thursday, April 3, 2014) – The United States Senate Finance Committee reported today legislation that would extend expired or expiring tax provisions for race horses, including a provision [...]
A booklet, in outline form, that considers major tax issues facing horse owners. For a printable PDF, click here.
For those attending the 2013 breeding stock sales, it is worth looking at a tax incentive that may apply to purchases this year. The Expense Provision allows the purchaser to [...]
