tax bill

The NTRA's Tom Rooney has a lot to deal with in Washington right now, arguing on behalf of the racing industry for immigration, tax relief, and tariff relief. He appears on the TDN Writers' Room, presented by Keeneland, as the Gainesway Guest of the Week to discuss what progress is being made in Washington on those issues. Rooney was asked first about the new 30% tariffs recently announced by Donald Trump on racing-heavy regions like the European Union, Canada, and Japan, and how that would affect racehorses. The tariffs are...

A sprawling, 133-page tax package in the Florida House of Representatives that got advanced by that chamber's Budget Committee on Tuesday includes a small section tacked onto the end of the bill that would maintain $27.5 million in annual purse subsidies at Gulfstream Park and Tampa Bay Downs while stripping out the Florida Thoroughbred Breeders' and Owners' Association (FTBOA) as a receiving or administering entity for that money. The annual purse subsides were signed into law last year. Although the dollar-amount allocation for Thoroughbred entities would remain the same, the...