Sides spar in Horseracing Integrity Act hearing
A hearing on the Horseracing Integrity Act showed little industry agreement on the bill — but unanimity that the industry must act on equine safety.
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Tag: Congress
US House extends racehorse tax break
The House of Representatives voted this week to extend the 3-year depreciation for racehorses for tax purposes; it now goes to the Senate.
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Horseracing Integrity Act introduced in Congress for third time
Reps. Andy Barr and Paul Tonko reintroduced the Horseracing Integrity Act today – a Congressional bill that may gain momentum in the wake of 22 equine fatalities at Santa Anita.
Read More President to sign omnibus spending bill with H-2B visa relief
The Thoroughbred industry has sought H-2B visa relief, which would allow more foreign temporary workers in the country.
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Horseracing Integrity Act introduced in Congress
The so-called Horseracing Integrity Act would create a national authority to oversee horse racing’s medication rules and testing and prohibit raceday medications.
Read More Congressmen urge Treasury Dept. to adopt new wagering regs
Under the proposed new regs, supported by 12 members of Congress, Treasury would alter the way it calculates parimutuel winnings to a more bettor-friendly model.
Read More NTRA urges H-2B visa reinstatement for returning workers
The H-2B visa returning worker exemption is critical to the racing and breeding industries.
Read More Committee urges IRS to modernize parimutuel tax treatment
The House Appropriations Committee today urged the IRS to “expedite final consideration” of a rule to modernize how parimutuel winnings are taxed.
Read More Opinion: Congress and “crazy stuff”
Yesterday’s Horse Caucus hearing revealed that even in Congress people who agree with each other tend to agree with each other, and also that racing continues to work at cross-purposes.
Read More Treasury Department will consider NTRA tax proposal
The Treasury Department will consider a proposal, spearheaded by the NTRA, to clarify tax regulations in a way that would benefit horseplayers.
Read More NTRA applauds move to ease tax bite on wagering
The National Thoroughbred Racing Association is working with two members of Congress to clarify certain tax regulations and reduce their impact on winning bets.
Read More House subcommittee to dig into horse racing medication rules tomorrow
A House subcommittee will hear from six witnesses tomorrow on a bill to shift control of racing medication policy from the states to the US Anti-Doping Agency.
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