Articles posted December 15, 2007

Headlines and features from the Thoroughbred industry

NYRA President Considers Benchmarks

NYRA President Considers Benchmarks

The New York Racing Association can agree to new performance benchmarks for its operations as part of a franchise extension deal, but state officials must be more flexible to take into account future changes in the racing industry that could affect those new standards, according to the president of NYRA.

U.S. Senate Approves Farm Bill

The United States Senate passed its version of the Farm Bill Dec. 14 by a vote of 79 to 14. Included in the legislation is the Equine Equity Act, which would reduce the capital gains holding period for horses from two years to one and accelerate and make uniform the depreciation for racehorses over a three-year period.

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