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Legislation that would grant Fairmount Park a tax break worth almost $1.4 million a year has passed both houses of the Illinois legislature and awaits the signature of Gov. Rod Blagojevich. If approved, the track could increase purses and racing dates, according to reports.
Tuesday, March 28, 2006A major hurdle blocking the potential growth of international simulcasting was cleared on Thursday night when the U.S. Senate Finance Committee approved by a 12-9 vote a major tax-cut bill that includes a provision eliminating a burdensome 30% withholding tax on winning pari-mutuel wagers placed by foreigners through U.S. pools.
Friday, May 09, 2003The owner of Playfair Race Course in Washington said a proposed tax increase is behind his plan to cancel live racing in 2003.
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