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
- California Chrome Returning Early From Break
- 'Power' Pair Square Off in July Cup
- Paladin Bay Seeks to Tame Bison City Stakes
- 'Princess' Looks Tough in Delaware Handicap
- Isabella Sings First Winner for Eskendereya
- Social Inclusion Breezes for Haskell
- Xpressbet to Sponsor West Virginia Derby
- Del Mar's Paddock Sale to be Held July 20
- Heerman Shaped Today's Thoroughbred Sales
- Empire Dreams Stretches Out in New York Derby