The Foreign Sales Corporation bill, which includes a provision to strike the 30% withholding tax charged to foreigners for winnings on United States races, was signed into law Oct. 22 by President Bush.
The United States Senate on July 15 agreed by voice vote to send the foreign sales corporation bill, which includes provisions to eliminate the 30% withholding tax on winnings by foreign bettors and reduce the capital gains holding period for horses from two years to one, to conference.
The U.S. Senate passed an international tax bill that includes two provisions that are favorable for the horse industry. The first is the clarification that the 30% alien withholding provision does not apply to nonresident aliens wagering in foreign countries; the second is a reduction in the holding period for horses to qualify for capitol gains treatment from 24 months to 12 months.
A major corporate tax bill under consideration in the United States Senate includes a few provisions for the pari-mutuel industry, including elimination of the 30% withholding tax on bets made by foreigners.
The Virginia House of Delegates approved legislation March 1 to allow the number of off-track betting parlors in the state to go from six to 10.
Prairie Meadows and two Greyhound tracks will be permitted to offer table games under Iowa legislation that bans new gaming licenses in counties where they aren't currently in place.
Legislation to establish the Kentucky Horse Racing Authority and move it under the Environmental and Public Protection Cabinet was passed by the state Senate Feb. 24 and sent to the House of Representatives for consideration.
Indiana's horse racing industry may have another opportunity to secure more financial stability. An amendment introduced and passed in the Senate Finance Committee Feb. 19 would increase the annual subsidy to the industry from $27 million to $44 million. It goes to the full Senate for consideration.
Pennsylvania Gov. Ed Rendell, at a Jan. 27 news conference, said he was tired of the legislature's inability to pass a gambling bill and was fashioning his own bill to authorize slot machines at 12 locations in the state.
A bill that would allow electronic pull-tab machines at Indiana racetracks and two satellite wagering facilities crossed a second hurdle Jan. 21. The House Ways and Means committee approved the legislation by a 17-10 vote and sent it along for consideration by the full House.
A Kentucky legislator has pre-filed several bills for the 2004 General Assembly session, including one that would authorize electronic gaming devices at racetracks, and another that calls for a constitutional amendment on the subject.
The Ohio Senate on Oct. 15 took a major step in approving video lottery terminals for the state's seven racetracks. The Senate, by 24-9 vote, approved a bill that would put the issue of VLTs before the public in the March 2, 2004 primary.
Legislation introduced by a California assemblyman would increase the pari-mutuel takeout on exotics wagers in Thoroughbred races by 0.5% to raise money to cover some workers' compensation costs. Quarter Horse and Standardbred takeout also would be increased to cover costs.
There's still more than four months until the Kentucky General Assembly meets, but Sen. Damon Thayer has prefiled three bills, two of which are designed to save horse breeders and farmers money.
Broad gaming and pari-mutuel legislation that passed the Nevada Senate and Assembly allows for an expansion of account wagering in the state.
The House of Representatives Tuesday tabled its scheduled vote on the latest version of the Unlawful Internet Gambling Funding Prohibition Act, which included an exemption for horse racing and other state-regulated gambling activities.
Legislation to allow electronic gaming at Michigan racetracks was approved by the state House of Representatives May 22, just two days after the release of a poll that indicated the public overwhelmingly disapproves of the prospect.
The U.S. Senate Thursday passed a $350-billion tax-cut bill that includes a provision to remove the 30% withholding tax on winning pari-mutuel wagers placed by foreigners through U.S. pools.
The Texas Horsemen's Partnership has asked its 5,000 members to send e-mail or letters to Gov. Rick Perry and state legislators asking them to support a bill that would legalize video lottery terminals at the 10 licensed horse and dog tracks in the state.
A provision to eliminate the 30% withholding tax on foreigners who wager on pari-mutuel racing in the United States is part of a broad military tax-break bill scheduled to be addressed March 6 by the U.S. House of Representatives.
The National Thoroughbred Racing Association has reorganized its political and fund-raising initiatives into two operations: the NTRA Legislative Action Campaign and the NTRA Political Action Committee.
Legislation to abolish the Washington Horse Racing Commission and divide its responsibilities between the gambling commission and the state Department of Agriculture has been filed in the state Senate.
A legislator has proposed that New York law should be tightened to create a felony that specifically outlaws tampering with pari-mutuel bets and wagering systems. The bill, sponsored by Assembly racing committee chairman Alexander Gromack of Rockland County, comes in the aftermath of the Breeders' Cup Ultra Pick 6 betting probe.
A hearing Sept. 19 by the New Jersey Assembly Tourism and Gaming Committee produced a rare show of unity between Thoroughbred and Standardbred horsemen as representatives from each testified in favor of legislation that would allow slot machines at four New Jersey racetracks.
Delaware legislators on June 26 voted not to permit debate on a bill that would have exempted racetrack casinos from a statewide indoor smoking ban.
California horsemen and racetracks could create a workers' compensation insurance fund with purse money diverted from marketing programs as well as their vanning and stabling program under legislation headed for the state Senate.
Trainers in California who own horses will occupy three seats on the board of directors of the organization that represents Thoroughbred owners under an agreement hammered out shortly before a state Senate committee hearing on the issue June 25.
The National Thoroughbred Racing Association, in a statement released June 21, said the reworked "Combatting Illegal Gambling Reform and Modernization Act" is "fundamentally flawed and unfair," and it also said it plans to discuss the ramifications of a move by Citibank to ban use of credit cards for online wagering.
A series of racing laws in New York have been extended by state lawmakers, who failed, however, to act on several other items from an industry wish list involving video lottery terminals and off-track betting corporations.
Negotiations that would allow trainers who also own racehorses to join the Thoroughbred Owners of California are in progress. A state Assembly bill authorizing such a membership change is nearing a committee hearing as well.
The "Combating Illegal Gambling Reform and Modernization Act" failed to come up for discussion by the House Judiciary Committee June 6 because the committee failed to meet. The measure, sponsored by Virginia Rep. Bob Goodlatte of Virginia, could be on the table for "mark up" again the week of June 10.
Fierce partisan warfare over the state budget blocked a last-minute, controversial flurry of race track-related legislation in the final hours of the "regular" spring session of the Illinois General Assembly.
The American Gaming Association has endorsed the "Combating Illegal Gambling Reform and Modernization Act" because its sponsor, Rep. Bob Goodlatte of Virginia, made changes at the organization's request.
A bill allowing slot machines or video lottery terminals at Kentucky racetracks was kept alive Wednesday by an important procedural vote in a House committee.
Legislation introduced March 4 in the Kentucky House of Representatives would permit multi-jurisdictional simulcasting and interstate wagering hubs in the state. Licenses would be available to facilities that conduct live racing in Kentucky.
The congressional caucus for the horse racing industry was scheduled to hold its first meeting of the year March 6 in Washington, D.C. Among the issues on the table is the 2001 Farm Bill, which was in conference committee as of March 4.
Broad-based legislation on racing issues passed the House of Delegates General Laws Committee Feb. 28 after two sets of amendments were discussed. The bill patroned by Sen. Kenneth Stolle passed with a 16-3 vote late in the afternoon.
Kentucky horsemen were urged Feb. 27 to participate in a grass-roots campaign to contact legislators and urge them to support legislation that would authorize electronic gaming devices at the state's eight racetracks. The bill was introduced in the House of Representatives Feb. 26.
The Indiana House passed legislation Feb. 26 that allows for dockside gaming at riverboat casinos, and pull-tab machines in the state. Lawmakers approved the Senate bill by a 55-43 margin.
Legislation that would authorize electronic gaming devices at eight Kentucky racetracks--and presumably generate $1.7 billion in revenue for the state over six years--was introduced in the House of Representatives Feb. 26. The 177-page document is said to have support in the House, but serious hurdles may loom in the Senate.
Legislation that would authorized video lottery terminals at Kentucky's eight racetracks probably won't be filed until the week of Feb. 25, a racetrack official said Feb. 20.
Racing industry officials in Kentucky met for a few hours the evening of Feb. 18 to wrap up loose ends on legislation that would authorize video lottery terminals at racetracks in the state. Officials are tentatively scheduled to meet with leaders in the House of Representatives Feb. 20.
A bill that would ban trade of horsemeat and live horses for human consumption has been introduced in the U.S. House of Representatives.
Racing could cease at New Hampshire's Rockingham Park this year because a bill that would have allowed video lottery terminals at the Salem facility is dead.
Legislation that would remove impediments to horse racing in Virginia passed the state Senate Jan. 29. The bill, sponsored by Sen. Kenneth Stolle, was approved by a 27-12 vote. It now goes to General Laws Subcommittee in the House of Delegates.
The Pennsylvania Thoroughbred Horsemen's Association, the statewide organization representing owners and trainers at Philadelphia Park, has endorsed legislation sponsored by Rep. John Taylor to allow slot machines at Pennsylvania's four licensed racetracks.
Democrats forced a new farm bill through a Senate committee Thursday after giving Southern senators more money for big farms and adding a dairy program that could raise retail milk prices. Provisions for loans that would aid farmers impacted by mare reproductive loss syndrome are included in the bill that cleared the Senate Agriculture Committee.
The Massachusetts legislature has approved a measure that would provide $5-million in purse supplements at the state's two horse tracks and two Greyhound tracks.
Congressman Robert Goodlatte on Thursday introduced the Combating Illegal Gambling Reform and Modernization Act, which he said is designed to crack down on the problem of illegal off-shore gambling. A release from Goodlatte's office said illegal off-shore gambling "sucks billions of dollars per year out of the U.S. economy, serves as a vehicle for money-laundering, undermines families, and threatens the ability of states to enact and enforce their own laws."
Officials in New York gave final approval early this morning to a historic gambling package giving most racetracks video lottery terminals, allowing up to six Indian-owned casinos in Western New York and the Catskills and expanding the state's lottery offerings.
Most Popular Stories
- Pomeroy, Flashy Bull to Stand in Saudi Arabia
- New York to Act on New Medication Rules
- Cassatt Takes Advantage of Big Zia Park Day
- Ex-Calder Racing Secretary Headed to Hialeah
- Napravnik Among Five Woolf Award Finalists
- Motion Shipper Appealing Cat in Del Mar Debut
- Churchill to Resume Live Racing Nov. 21
- Rockridge Stud Announces 2015 Stallion Fees
- Woodbine, Horsemen Announce 2015 Calendar
- UC-Davis Seeks Horse Management Survey Input