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NTRA to host teleconference on COVID-19 relief programs
The National Thoroughbred Racing Association and its Washington, D.C., legislative team, The Alpine Group, and Kentucky-based Dean Dorton, one of the nation's leading experts on equine tax matters, will host a national teleconference to review federal stimulus bills recently passed to combat the impacts of the coronavirus (COVID-19) pandemic.
The teleconference, which will be held Wednesday, April 1, at 11:30 a.m. Eastern time, is open to media, representatives of equine businesses, their employees, and other individuals in the equine industry impacted by the coronavirus pandemic. Among the topics to be covered is an in-depth analysis of key tax and business provisions impacting businesses and individuals involved in the horse racing and breeding industry, including the opportunities they present and the obligations they impose.
Information on how to access the teleconference via computer or phone is available here.
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At its September 9 open Board meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors voted unanimously to increase the purse allocation for finishers from 6th place through last in overnight races. The payout, which had been fixed at $300 since April 2022, will now rise to $500, effective immediately.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
