Second Session of 112th Congress Under Way
The second session of the 112th Congress is just getting under way as members of the U.S. House of Representatives return from recess this week and the Senate does the same next week. The second [...]
DOJ Opionion Could Impact Horseracing
The U.S. Department of Justice (DOJ) released a letter and related opinion in late December that may have significant implications for U.S. horseracing. The opinion specifically addresses the legality of intrastate Internet lotteries. It concludes that in-state [...]
Changes to Investment Incentives for 2012
Two investment incentives for business that were available for horse owners in 2011 were not included in federal legislation recently passed by Congress to continue the payroll tax deduction through February 2012. As a result, [...]
House Bill Passes with Continuation of 100 Percent Bonus Depreciation
The House voted 234 to 193 on Tuesday evening to pass legislation that continues 100 percent small business bonus depreciation through 2012. Known as the “Middle Class Tax Relief and Job Creation Act of 2011,” [...]
Time Is Running Out on Incentives
Two major investment incentives are set to expire at the end of the year. These incentives offer tremendous opportunities for those in the market for horses, equipment or other farm additions. 100% Bonus Depreciation – write [...]
H-2B VISA Update: New Wage Rule Delayed
President Obama signed into law earlier this month an appropriations package that contains language to further delay the effective date of the Department of Labor’s new wage rule for the H-2B Visa seasonal worker program. [...]