Thoroughbred organizations in Kentucky have scheduled a town hall meeting May 18 to discuss implementation of the new Kentucky Thoroughbred Breeders' Incentive Fund, revenue for which will begin to accrue July 1.
As the 2005 Kentucky General Assembly session nears an end, the horse industry finds itself with a few important benefits--and a sense that it could show a lot of muscle in future legislative endeavors.
A tax modernization plan that includes breed development provisions was approved by the Kentucky House and Senate March 8 and now goes to Gov. Ernie Fletcher for his signature.
The Kentucky Equine Education Project, which has said it strongly supports provisions in Gov. Ernie Fletcher's tax modernization plan that would in part create breed development programs, will have representatives at a Feb. 10 hearing before the House Appropriations and Revenue Committee.
Language that would authorize two breed development funds and eliminate a tax on the sale of yearlings and 2-year-olds in Kentucky has been delivered to Republican Gov. Ernie Fletcher for possible inclusion in a tax modernization plan that could be unveiled in early February.
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