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TOC News Article Archives

TOC Supports New H-2C Visa Program

At the request of the NTRA, TOC has added its name to the growing list of industry organizations supporting the Agricultural Guest Worker Act of 2018, which would streamline the current visa program for temporary agricultural workers. The legislation is sponsored by longtime friend of horseracing and breeding Rep. Bob Goodlatte. Importantly, the proposed legislation … Read more

Three-Year Racehorse Depreciation Returns Retroactively For Fiscal Year 2017

LEXINGTON, Ky. (Friday, February 9, 2018) President Trump today signed into law the Bipartisan Budget Act, a bill that among other measures extends retroactively for fiscal year 2017 uniform three-year racehorse depreciation, an important tax provision supported by the National Thoroughbred Racing Association (NTRA) that expired in 2016 alongside certain other expired tax provisions. The … Read more

Tax Bill Benefits Breeders and Owners, Doubles Certain Depreciation Provisions

The Tax Bill cleared by Congress for President Trump’s signature contains a number of provisions beneficial to horse breeders and owners, according to an initial assessment by the National Thoroughbred Racing Association (NTRA). The tax reform package benefits the horse racing industry by slashing corporate tax rates, reducing most individual tax rates, doubling the estate … Read more

Extra H-2B Visas to Be Made Available

June 23, 2017 There have been reports this week that the Department of Homeland Security (DHS) has decided to offer extra H2B visas for temporary, seasonal workers. These visas are used for temporary, non-agriculture workers at a variety of businesses, including members of the horse industry; principally horse trainers and owners who cannot find American … Read more