Wage Hikes Loom Under New Rule
A new rule from the Department of Labor (DOL) – slated to take effect September 30 – changes the hourly wage employers must pay currently employed and future H-2B workers. American workers who were recruited [...]
Investment Incentive for Yearling Buyers
The Tax Relief Act authorizes a significant investment incentive for members of the Thoroughbred industry this year in the form of 100 percent bonus depreciation. This incentive allows buyers to write off the entire cost [...]
Debt Crisis Plan Includes Major Tax Reform
NTRA is actively monitoring the steady stream of tax reform measures that have emerged as lawmakers work overtime to address the debt ceiling crisis. In the current environment, every provision in the tax code is [...]
Congress Targets Racehorse Depreciation
Talks on how to relieve the nation’s debt crisis through various tax measures have led some members of Congress to target the standard three-year depreciation schedule for racehorses – a measure endorsed by the NTRA [...]
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, [...]
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 [...]