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
- Filly by The Factor Tops OBS Winter Opener
- Kentucky Approves Racing License for Blasi
- Kaigun Makes 2015 Debut in Arcadia Stakes
- Fillies Vie for Grade I Glory in Las Virgenes
- Invasor to Uruguay's Haras Cuatro Piedras
- The Horse Who Changed the Triple Crown
- Secret Circle Part of Salty Palos Verdes Cast
- Final Call for Taylors of Seattle Slew Fame
- Knee Chip Sidelines Hutcheson Winner Barbados
- Ocean Knight, Catalina Red Top Sam F. Davis