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How You Can Support the Legislative Action Campaign

  

 

 

Buyers, sellers, consignors and their clients may support LAC by pledging 1/4 of one percent on the price of horses sold at Keeneland, Fasig-Tipton, Ocala Breeders’ Sales Company, Barretts, Breeders Sales Company of Louisiana and the Washington Thoroughbred Breeders and Owners Association. Every $1,000 in a horse’s sale price equates to $2.50 to LAC. 

 

Consignors, sellers and designated agents may "pre-commit" their pledge by checking the box on Keeneland, Fasig-Tipton and Barretts sales entry forms.  Buyers -- and sellers who miss the deadline for pre-commitments -- can pledge until the close of the sale billing. 

 

For OBS sales, LAC requests support following the sales through a letter that details sales activity and lists suggested contribution amounts. 

 

100% of LAC contributions are earmarked for Federal lobbying and may be tax deductible as ordinary business expense.

 

If you currently contribute through the 1/4% Check-off Program, we offer our thanks. Your support is vital to our success and we are grateful you have chosen to participate.

 

Supporters of the 1/4% Check-off Program are eligible to receive cost savings on products and services from NTRA Advantage. 

 

Click on the documents below for more information about the 1/4 % Check-off Program, including a letter that summarizes the NTRA’s 2012 federal legislative outlook and a Program enrollment form.

 

  

Click here to download the 2012 Yearling Sale Legislative Update Letter (PDF).

Click here to download the 2012 Yearling Sale 1/4% Check-off Enrollment Form (PDF).

Click here to download the NTRA Today Brochure (PDF).

 

 

 

 

 

The Foal Fund is a voluntary funding program designed to include owners and breeders in the NTRA's legislative efforts in Washington, D.C.  Whether you raise one foal or 50, your contribution to The Foal Fund helps build our industry's strength on Capitol Hill.

 

Contributions to The Foal Fund can be made via The Jockey Club Interactive Registration platform or at www.thefoalfund.com, as well as by mail to The Foal Fund, 2525 Harrodsburg Rd., Suite 400, Lexington, KY  40504.  Contributions begin at $50 per foal.  All contributors to The Foal Fund are eligible to receive discounts on products and services through NTRA Advantage.  

 

Your contribution to The Foal Fund may be tax deductible as an ordinary business expense; please consult your tax advisor.

 

 

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The Horseplayers' Coalition is the NTRA's legislative voice for horse racing's customers. The Coalition seeks legislative solutions to Federal tax issues that impact horseplayers and pari-mutuel racetracks, and provides grassroots support for NTRA's lobbying efforts on Capitol Hill. The Coalition’s Advisory Panel is tasked with helping the NTRA Legislative team identify, establish and prioritize player-friendly legislation.

 

One federal issue that is sure to impact horseplayers is the push to expand Internet gaming in the current Congress.  Federal lawmakers held multiple hearings in 2011 on the subject, and the NTRA has been and will continue to be involved with the development of related draft bills in 2012.  

 

Within these draft bills, the NTRA is working to eliminate the automatic 25 percent federal withholding tax on pari-mutuel winnings of $5,000 or more and have the current tax withholding requirements on winning wagers of over $600 on odds greater than 300-1 doubled to $1,200.  

 

Another provision includes redefining the “cost of a wager” for purposes of tax reporting to more accurately reflect today’s emphasis on exotic wagers with complicated cost structures.

 

Annual membership in the Horseplayers’ Coalition is $25. Horseplayers can also join when signing up for the Daily Racing Form/NTRA National Handicapping Championship Tour (NHC Tour). 

 

Members of the Horseplayers' Coalition are eligible to receive preferred pricing from NTRA Advantage, offering products and services from companies like John Deere, Sherwin-Williams, OfficeMax, UPS and more.

 

If you are already a member of the Horseplayers' Coalition, thank you for your support.  Please send us your comments and questions and best of luck in 2012.  

 

 

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Supporters of the NTRA Legislative Action Campaign programs are eligible to receive preferred pricing from NTRA Advantage, offering products and services from companies like John Deere, Sherwin-Williams, OfficeMax and more.