Legislation offering a financial incentive to Breeders' Cup if it commits to holding the World Championships in Kentucky in 2011, 2012, or both years, was signed into law by Gov. Steve Beshear April 6.
Kentucky legislation authorizing a pari-mutuel tax exemption for the Breeders' Cup World Championships was modified to allow for one-day or two-day events and sets a lower purse minimum to qualify for the exemption.
It appears that Irish stallion owners can again breathe easily--for the next 18 months, at least.
Ireland's thriving bloodstock industry would be dealt a huge blow if attempts to remove the tax-free status of fees earned by stallions standing in the country were successful.
Most Popular Stories
- Two Share Fastest Furlong Time at F-T Show
- Champion Wise Dan Back at the Track
- Hall Finalists Include Leatherbury, Lava Man
- Wise Dan, Main Sequence Top Turf Classic Noms
- Mountaineer Cancels; Parx Loses Most of Card
- New Social Media Rule for Australian Racing
- The Jockey Club 2015 Fact Book Now Online
- The Great War No Longer Pursuing Derby
- Daredevil Back to Work After Swale Washout
- Indiana Derby Moves to Mid-July This Year