U.S. GAO Report on Horse Welfare
The U.S. Government Accountability Office (GAO) recently issued its report on horse welfare issues since domestic slaughter ceased in 2007. Specifically, the GAO reported on how cessation has impacted the U.S. horse market, horse welfare, [...]
2012 Federal Election & Issues Preview
With just over four months remaining until the November 6 elections, the NTRA’s Washington, D.C.-based government relations partner, The Alpine Group, produced the Election & Issues Preview. This snapshot of the upcoming federal elections includes: - [...]
Internet Poker Bill Includes Language for Horse Racing
Rep. Joe Barton (R-TX) recently introduced the Internet Poker Act (H.R. 2366) to legalize Internet poker and establish a structure to license, regulate and tax potential operators. Language related to the horse racing industry is [...]
Senate Committee Moves to Block H-2B Rules
The Senate Appropriations Committee recently adopted an amendment offered by Sen. Richard Shelby (R-AL) to the Fiscal Year 2013 Labor, Health and Human Services and Education and Related Agencies appropriations bill. Sen. Shelby’s amendment will [...]
Learn More About 2012 Investment Incentives
Members of the Thoroughbred industry investing in their businesses in 2012 may be able to benefit from the two investment incentives described below. Each of these is the result of earlier legislation designed to stimulate [...]
Winning Derby Bettors Give Up $1 Million in Automatic Withholding
Winning bettors paid some $1 million in federal taxes on their winnings on Kentucky Derby day. Under current law, bettors experience automatic federal withholding on pari-mutuel winnings of $5,000 or more at odds of 300-1.According [...]