The Kentucky Horse Racing Commission (KHRC) announced Feb. 14 the release of the 2016 Kentucky Thoroughbred Breeders' Incentive Funds (KBIF).
The Kentucky Thoroughbred Breeders' Incentive Fund accumulated $10.36 million from the state's 6% sales tax on stallion fees for fiscal 2016 and expects the number of mares registered to the program to be similar to that of fiscal 2015.
The Kentucky Thoroughbred Breeders' Incentive Fund paid out more than $10.5 million to eligible horses based on 2015 races, and the number of mares nominated to the program continues to increase.
The early, low-cost nomination deadline for eligibility to the Kentucky Thoroughbred Breeders' Incentive Fund is Aug. 15, the Kentucky Horse Racing Commission said Aug. 7.
Changes to the Kentucky Thoroughbred Breeders' Incentive Fund include making eligible foals produced from mares bred to Kentucky stallions taken out of the state to be sold at public auction.
The Kentucky Thoroughbred Breeders' Incentive Fund Advisory Committee has proposed amendments to regulations that would in part allow mares entered in public auctions outside the state to leave for a period of time.
The Kentucky Horse Racing Commission announced Feb. 18 that the Kentucky Thoroughbred Breeders' Incentive Fund is distributing more than $10 million in awards for 2014 racing.
The Kentucky Horse Racing Commission announced Feb. 13 that the Kentucky Thoroughbred Breeders' Incentive Fund is distributing more than $10 million in awards for 2013 races.
Changes to regulations governing the Kentucky Thoroughbred Breeders' Incentive Fund, including a greatly reduced late fee, took effect Nov. 4, state officials said.
The Kentucky Breeders' Incentive Fund advisory committee May 10 unanimously approved key changes in the program, which has become an important part of the state's Thoroughbred industry in very challenging times.
Governor Ernie Fletcher signed an emergency regulation Dec. 15 to implement the Kentucky Horse Breeders' Incentive Fund, which will encourage and support excellence in non-race breeds in the commonwealth.
Kentucky breeders have until Aug. 1 to register mares bred during the 2006 breeding season to the Kentucky Thoroughbred Breeders' Incentive Fund.
Breeders of Kentucky-bred horses that win races either in state or anywhere in the United States can begin receiving Kentucky Thoroughbred Breeders' Incentive Fund awards at the close of 2006, according to regulations proposed by the Kentucky Horse Racing Authority.
- By Pete Spanos
WinStar Farm co-owner Bill Casner, speaking to the Kentucky Thoroughbred Farm Manager's Club Nov. 1, spelled out his support for a breeders' incentive program that would reward Kentucky-bred horses for winning races solely at tracks in the state.
The Kentucky Thoroughbred Farm Managers' Club debated the pros and cons of the Kentucky Thoroughbred Breeders' Incentive Fund June 7 and plans to have its recommendations ready for review by July 1.
The parameters of the proposed Kentucky Thoroughbred Breeders Incentive Program will again be discussed June 7 at the Kentucky Thoroughbred Farm Managers' Club meeting in Lexington.
Thoroughbred organizations in Kentucky have scheduled a town hall meeting May 18 to discuss implementation of the new Kentucky Thoroughbred Breeders' Incentive Fund, revenue for which will begin to accrue July 1.
- By Tom LaMarra
A tax modernization plan unveiled by Kentucky Gov. Ernie Fletcher during his "state of the commonwealth" address Tuesday night includes provisions for breed development programs for the horse industry.
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