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The Oak Tree Racing Association and MI Developments have reached an agreement that will allow Santa Anita Park to run the traditional fall stakes program in Southern California in 2011.
Sunday, March 13, 2011The Equine Equity Act, which reduces the capital gains holding period for horses and shortens the depreciation schedule for racehorses, is part of the 2007 Farm Bill and could be approved by the United States Senate in a few days.
Thursday, December 13, 2007The recent filing for bankruptcy protection by ClassicStar LLC will streamline claims against the one-time broodmare lease operator, an attorney for the embattled entity says, but its effect on multiple legal actions already in the pipeline isn't exactly clear.
Thursday, September 20, 2007A federal judge has ordered ClassicStar and other defendants named in a multimillion-dollar lawsuit to produce certain documents by Jan. 26 or face the possibility of punitive measures.
Tuesday, January 09, 2007A day after agents from the Internal Revenue Service were at ClassicStar Farm near Versailles, Ky., the horse operation is continuing, the farm manager said today.
Thursday, February 23, 2006The El Primero Fair Association backed by Cash, Marilyn, and Keith Asmussen and the Laredo National Bank has decided to withdraw its application to open a non-profit Class 3 racetrack near Laredo, Texas.
Wednesday, December 18, 2002By Robert R. Hill -- On March 9, President Bush signed the Job Creation and Worker Assistance Act of 2002, which was a real income tax benefit for U.S. businesses. Fortunately, this tax act is also a significant boon to the horse industry, benefiting both racing and breeding operations.
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