Subscribe To Our Newsletter!
.svg){kind=small}
Congress passes spending plan that includes HISA, depreciation extension
The United States House of Representatives and Senate the evening of Dec. 21 passed a $1.4 trillion spending package includes the Horseracing Integrity and Safety Act of 2020 and an extension of a racehorse tax depreciation schedule.
Early in the morning of Dec. 22, federal lawmakers also passed a $900 billion COVID-19 relief bill that includes provisions that could benefit the horse racing and breeding industry. The programs are similar to those that were established in the spring of 2020 to offer financial aid to individuals and businesses impacted by the virus.
Latest Posts
It’s never too early to start planning for the 2025 Ferris Allen Bootstraps Scholarship—an award created to support individuals working within the Maryland Thoroughbred racing community who aspire to further their education.
Owners and developers of Maryland-bred horses are encouraged to plan now to take advantage of the $600,000 Owner & Developer Bonus Program, which will be available during the summer break in live racing at Laurel Park.
