Changes to regulations governing the Kentucky Thoroughbred Breeders’ Incentive Fund, including a greatly reduced late fee, took effect Nov. 4, state officials said.
The biggest change is a lower late fee breeders must pay if they miss the deadline to nominate a mare to the fund. The late fee is now $150—down from $750—and is for nominations filed after the Aug. 15 deadline but prior to Dec. 31 each year.
Jamie Eads, Kentucky Horse Racing Commission director of incentives and development, said the changes should encourage breeders around the world to nominate mares to the program.
“I am confident the reduced fee will encourage breeders around the world who purchase a broodmare at the Fasig-Tipton or Keeneland November sales to participate in the (fund) without a significantly higher late filing fee,” Eads said in a statement.
Additional changes to the regulations were made regarding eligible races and nomination requirements. More information is available at http://registerkbif.com.