The short length of the 2007 General Assembly session in Kentucky may be the biggest hurdle tax relief for the horse industry will face. Additionally, there is a gubernatorial election, and during off year sessions, tax issues must be passed with a two-thirds supermajority.
A horse industry ethics bill making it unlawful to receive commissions from buyer and seller without full disclosure sailed through a Kentucky House of Representatives committee by unanimous vote Wednesday afternoon.
Republican state Sen. Damon Thayer said he will be working in the next two months on legislation for the 2006 Kentucky General Assembly that would exempt horse feed and other supplies from state sales and use taxes.
With legislation to authorize racetrack gaming apparently dead during the current legislative session in Kentucky, the racing industry is expected to begin another campaign well before the 2004 session begins.
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