NTRA Capitol Hill Reports

Last week, President Obama released his Fiscal Year 2014 Budget request which included a provision that would make permanent the current $500,000 expense allowance found in Section 179 of the Internal Revenue Code. This advantageous [...]

The U.S. Citizenship and Immigration Services (USCIS) recently announced that, as of March 22, 2013, it has temporarily suspended the processing of new H-2B temporary non-agricultural worker visa petitions from employers. As a result, Thoroughbred [...]

The 11th Circuit U.S. Court of Appeals affirmed on April 1 a Northern District of Florida Federal District Court’s preliminary injunction that prevents the Department of Labor (DOL) from enforcing its new H-2B visa program [...]

Congressman Andy Barr (R-KY) introduced the Equine Tax Parity Act (H.R. 998) earlier this month. If passed, the legislation would reduce the capital gains holding period for horses from 24 months to 12 months.  It [...]

The House Subcommittee on Workforce Protections will hold a hearing on Thursday, March 14 on Capitol Hill entitled “Examining the Role of Lower-Skilled Guest Worker Programs in Today’s Economy.” The subcommittee’s goal at the hearing [...]

The American Taxpayer Relief Act reinstated 50 percent bonus depreciation and increased the expense allowance to $500,000 for 2013. Both incentive programs could have important implications for purchasers of horses, farm equipment and most other [...]