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.
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.
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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