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Bill Reduces Capital Gains Period On Horses

Congressman Andy Barr (R-KY) introduced the Equine Tax Parity Act (H.R. 998) March 6, legislation that would reduce the capital gains holding period for horses from 24 months to 12 months.

No Tax Code Changes on Gambling Deductions

Following targeted lobbying from the NTRA, "Fiscal Cliff" legislation passed Jan. 1 by both the U.S. Senate and House of Representatives contained language that exempts wagering losses from limitaton on itemized deductions.

Thomason Newest Member of NTRA Board

Thomason Newest Member of NTRA Board

Bill Thomason, who took over as president and chief executive officer at Keeneland Sept. 1, has been named to the National Thoroughbred Racing Association board of directors.

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