Congress to Hold I-Gaming Hearings this Week
Congress has scheduled two hearings this week on the expansion of Internet poker and gaming. The first is to be held in front of the Senate Committee on Indian Affairs on Thursday, November 17 and [...]
Major Investment Incentives Set to Expire
Two major investment incentives are set to expire in 2011. These incentives offer tremendous opportunities for those in the market for horses, equipment or other farm additions. 100% Bonus Depreciation – allows purchasers to write off [...]
Investment Incentive in Place for Breeding Stock Sales
The Tax Relief Act authorizes a significant investment incentive for breeding stock buyers this year in the form of the $500,000 expense allowance. This incentive allows buyers to write off up to $500,000 worth of [...]
Legislation Introduced to Protect H-2B Worker Program
Congressman Rodney Alexander (R-LA) introduced H.R. 3162 to prevent the Department of Labor (DOL) from instituting two new rules for the H-2B Visa program for seasonal workers that could have a severe negative impact on the horse [...]
Investment Incentives Expire Soon
Two major investment incentives for small businesses, including those in the Thoroughbred industry, are set to expire at the end of the year. The incentives permit write-offs of certain property with a depreciable life of [...]
New Wage Rule Delayed 60 Days
The Department of Labor (DOL) has postponed for 60 days the effective date of the new wage rule for the H-2B Visa program from September 30, 2011 to November 30, 2011. This delay allows the DOL to [...]