Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.
A 187-page bill that passed the Kentucky Senate March 13 includes provisions for a tax break for the Breeders' Cup World Championships if the event is held in Kentucky in 2011 or 2012, or 2011 and 2012.
A Kentucky lawmaker is preparing racing-related legislation with a primary goal of funding the Kentucky Horse Racing Commission, equine drug testing, and supplements for purses and stakes at the state's racetracks.
- By Tom LaMarra
Kentucky tracks would get a tax break for one major racing event per year under legislation introduced in the state General Assembly.
European horse buyers will have to begin paying a 5% excise tax on horses they purchase and bring home from the United States as a result of sanctions imposed against the U.S. on Monday by the European Union.
Legislation that would grant Oaklawn Park a reduction in its pari-mutuel excise tax is back in the Arkansas Senate's Committee on Revenue and Tax after having failed to pass the Senate Thursday. The bill has already been amended to strike out language that would authorize Oaklawn and Southland Greyhound Park to engage in account wagering.