Keyword: equine equity act

  • Equine Equity Act Now Law

    Members of the U.S. Senate and the U.S. House of Representatives voted May 22 to override a presidential veto of the 2007 Farm Bill exercised by George W. Bush. As a result, the 2007 Farm Bill is now law and it includes the Equine Equity Act, a provision that amends the depreciation schedule for racehorses to a uniform three years.

  • U.S. Senate Approves Farm Bill

    The United States Senate passed its version of the Farm Bill Dec. 14 by a vote of 79 to 14. Included in the legislation is the Equine Equity Act, which would reduce the capital gains holding period for horses from two years to one and accelerate and make uniform the depreciation for racehorses over a three-year period.

  • Equine Equity Act Makes Progress

    The Equine Equity Act, which reduces the capital gains holding period for horses and shortens the depreciation schedule for racehorses, is part of the 2007 Farm Bill and could be approved by the United States Senate in a few days.

  • Slaughter Amendment Part of Agriculture Legislation

    An amendment that removes money for United States Department of Agriculture inspections of horse slaughterhouses and horsemeat is included in the 2006 agriculture appropriations bill that was signed into law by President Bush on Nov. 10.

  • Horse Investment Bill Initiated in U.S. Senate

    A bill designed to promote investment in the horse industry by removing provisions of federal law that favor other investments was introduced by U.S. Senator Mitch McConnell July 28.

  • Capitol Hill Becomes NTRA's Big Selling Point

    The National Thoroughbred Racing Association's ongoing efforts in Washington, D.C. have become the major carrot as the organization seeks to sign up horsemen's associations for five-year memberships effective in 2006.