Keyword: Sen. Damon Thayer

  • Kentucky Gov. Steve Beshear signs Breeders' Cup Tax Exemption Bill.

    KY Governor Signs BC Tax Exemption Bill

    Kentucky Gov. Steve Beshear March 17 signed into law a bill that will erase the state tax for on-track pari-mutuel handle on live races at Keeneland during the two days of the Breeders' Cup Oct.30-31.

  • Sen. Damon Thayer

    Officials: KY Thoroughbred Industry Resilient

    The Kentucky Thoroughbred industry is more than holding its own despite national declines and the absence of alternative revenue sources available in other states, officials said Feb. 3 at the CBA symposium.

  • KY Lawmakers Get Horse Industry Update

    The Kentucky General Assembly Interim Joint Subcommittee on Horse Farming was given a generally positive update on the status of the racing and breeding industry in the state Nov. 12 in light of years of declines.

  • Instant Racing Machines at Kentucky Downs.

    Instant Racing, ADW Taxes Approved in KY

    The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.

  • KY Senate Refuses Pension Funding Measure

    The Kentucky Senate Feb. 28 refused to accept a funding measure that would have shifted most revenue from historical race wagering to retirement programs at the expense of the horse industry.

  • Sen. Damon Thayer

    KY Senator: Factors Stymie Action on Gaming

    A Kentucky lawmaker said a General Assembly vote on a constitutional amendment on casino gambling hinges on several factors, none of which appear to be in place during the current legislative session.

  • Kentucky ADW Tax Clears House Committee

    The Kentucky House Appropriations and Revenue Committee passed legislation authorizing a tax on advance deposit wagering Feb. 12, but it remains to be seen if all parties agree on the language in the measure.

  • Are Pensions Wild Card in KY Gambling Debate?

    Two lawmakers in leadership positions in the Kentucky General Assembly said Dec. 10 the issue of expanded gambling remains on the table, but whether a bill materializes depends on Gov. Steve Beshear.

  • Sen. Damon Thayer

    Thayer Elected to Key Post in Kentucky Senate

    Republican Kentucky Sen. Damon Thayer, who has been involved with most legislation involving the horse industry in recent years, was elected majority floor leader Nov. 28 during a GOP Senate leadership caucus.

  • Kentucky Sen. Damon Thayer

    Thayer Reveals Clients, Calls for Gaming Vote

    Kentucky Sen. Damon Thayer reaffirmed his support for a constitutional amendment on expanded gambling Feb. 9, and in the wake of allegations he has conflicts of interest, released a client list for his consulting business.

  • KY Gaming Bill Sidetracked by Filing Deadline

    A lawsuit over legislative redistricting and the resulting extension of the filing deadline for the November election has stalled action on a constitutional amendment on expanded gambling in Kentucky.

  • Kentucky Gov. Steve Beshear

    Beshear Sticks With Gambling Amendment Plan

    Kentucky Gov. Steve Beshear said Jan. 31 he expects a casino gambling amendment to be introduced "in a few days," and again accused Republican Sen. President David Williams of attempting to derail the process.

  • Agreement Reached on KY Gaming Amendment

    The parameters of a constitutional amendment on casino-style gambling in Kentucky have been agreed upon, and legislation will be introduced soon, the governor's office said Jan. 25.

  • Thayer, Beshear Meet to Discuss Gaming Vote

    Bipartisan efforts to get a constitutional amendment on casino gambling on the 2012 ballot in Kentucky continued Dec. 29 when Democratic Gov. Steve Beshear met with Republican Sen. Damon Thayer.

  • Kentucky Lawmakers Eye Tax on ADW Bets

    The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.

  • Ellis Park

    KY Hopes Talk of Aid for Racing Legitimate

    On the heels of a successful opening weekend at Ellis Park comes word of a few initiatives that, if they come to fruition, could generate or repurpose revenue for Kentucky racing. But will it be enough?

  • Republican Sen. Damon Thayer

    Amid Turmoil, KY Lawmaker Makes Case for BC

    As Breeders' Cup considers a future host site schedule complicated by recent actions in California, a Kentucky lawmaker has reiterated the state's favorable tax climate in hosting the World Championships.

  • BC Tax Exemption Bill Signed Into Law

    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.

  • KY Racing Aid Bill Called 'Life Preserver'

    Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.

  • Senator Damon Thayer

    Will KY Poll Aid Bill on Expanded Gambling?

    A poll indicating strong support for racetrack video lottery terminals -- and even stronger support for a constitutional amendment on the issue -- generated plenty of talk among Kentucky legislators Feb. 3.

  • Senator Damon Thayer

    Legislative Showdown Looming in Kentucky

    As the Kentucky Equine Education Project vows to continue its legislative push for racetrack gaming, a state lawmaker plans to move forward with his plan for statewide and local option votes on gaming.

  • Another Financial Hit Looms for KY Breeders

    The Kentucky Breeders Incentive Fund could be reduced by 30% because of declining revenue, while horse farms "can't withstand another year like 2009," Kentucky lawmakers were told Nov. 10 during a meeting of the Joint Subcommittee on Horse Farming.

  • Slot Machine

    Analysis: Will KY Gaming Plan Muddy Waters?

    Kentucky's horse racing and breeding industry plans to stand its ground in the wake of a proposal for a constitutional amendment on gaming some have characterized as a politically-motivated stall tactic.

  • Slot Machine

    Racetrack Gaming Issue Heats Up in Kentucky

    A Kentucky Thoroughbred breeder said Republican lawmakers plan to push for a constitutional amendment on racetrack gaming, but a spokesperson for the state's Senate leader said that's not the case.

  • KY Exemption Allows for One-Day Breeders' Cup

    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.

  • Republican Sen. Damon Thayer

    Thayer Defends Position on KY Gaming Bill

    Republican Sen. Damon Thayer, under heavy fire from some in the Kentucky horse industry for not being publicly proactive on racetrack gaming legislation, on June 25 outlined his position on the issue and claimed that a "political war" would only hinder the industry.

  • BC Tax Break Passes Kentucky Senate

    A 187-page bill that passed the Kentucky Senate March 13 includes provisions for a tax break for the Breeders' Cup World Championships if the event is held in Kentucky in 2011 or 2012, or 2011 and 2012.

  • Tin Cup Needed for KY Racing Commission

    The multi-year quest for a stable funding source for the Kentucky Horse Racing Commission took another turn March 10 when legislation to increase the powers of the KHRC unanimously passed a Senate committee. Whether the bill is approved--and whether the commission gets a new funding source--could be determined on the Senate floor.

  • KY Bill: Use Taxes to Fund Horse Racing

    A Kentucky lawmaker is preparing racing-related legislation with a primary goal of funding the Kentucky Horse Racing Commission, equine drug testing, and supplements for purses and stakes at the state's racetracks.