Three-Year Racehorse Depreciation Signed Into Law by President

A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law by the President late Friday. The racehorse provision, which received bi-partisan support within both Houses of Congress, was passed by the… Read More

California Horse Racing Board, Stronach Group Agree to Enhanced Safety Review of Horses at Santa Anita Park

SACRAMENTO – Effective immediately, in response to Governor Gavin Newsom’s direction, the California Horse Racing Board (CHRB), working closely with The Stronach Group (TSG), owner of Santa Anita Park, will implement enhanced safety measures and reviews to further… Read More

Department of Homeland Security to Accept Petitions for 30,000 Additional H-2B Visas Beginning May 8

Lexington, Ky. (May 6, 2019) — The Department of Homeland Security (DHS) announced today that it will begin accepting petitions on Wednesday, May 8 for 30,000 additional H-2B visas restricted to returning workers for Fiscal Year (FY) 2019.  Rules set to be published in… Read More

CHRB Microchip Rule 1597.5 Enforceable Beginning December 26, 2018

Beginning December 26, 2018, horses that are not microchipped will be ineligible to enter. The complete text for each new or amended rule can be found on the CHRB website under RULES AND LAW and scrolling down to… Read More

TOC Supports New H-2C Visa Program

At the request of the NTRA, TOC has added its name to the growing list of industry organizations supporting the Agricultural Guest Worker Act of 2018, which would streamline the current visa program for temporary agricultural workers. The… Read More

Three-Year Racehorse Depreciation Returns Retroactively For Fiscal Year 2017

LEXINGTON, Ky. (Friday, February 9, 2018) President Trump today signed into law the Bipartisan Budget Act, a bill that among other measures extends retroactively for fiscal year 2017 uniform three-year racehorse depreciation, an important tax provision supported by… Read More

TAX BILL BENEFITS BREEDERS AND OWNERS, DOUBLES CERTAIN DEPRECIATION PROVISIONS

The Tax Bill cleared by Congress for President Trump’s signature contains a number of provisions beneficial to horse breeders and owners, according to an initial assessment by the National Thoroughbred Racing Association (NTRA). The tax reform package benefits… Read More

TOC Joins Nationwide Effort Opposing Proposed HR 2651

TOC joins with major horsemen’s and racing associations in opposing proposed federal legislation H.R. 2651. To read more, click here.

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