Sen. Damon Thayer and Rep. Adam Koenig have been appointed co-chairs of the Pari-Mutuel Wagering Taxation Task Force, which will study the taxes and rates related to horse scooting, the impact that varying the rates ought to have been, and the funds relating to the horse industry which receive historic mare racing excise receipts, eventually choosing if any changes to those tax rates should be made.

Thayer is the Senate majority leader and a former racing ministerial, while Koenig sponsored the statement in the House clarifying the legal position of HHR machines.

Other members of the committee include: Julie Raque Adams, Christian McDaniel, Stephen West, Jonathan Dixon, Al Gentry, Matthew Koch, and Jason Petrie.

The Kentucky Equine Education Project, Kentucky’s equine fiscal exponent, liberated the next statement on the nomination of the Pari-Mutuel Wagering Taxation Task Force 😛 TAGEND

“The Kentucky Equine Education Project( KEEP) commends the appointment of the Pari-Mutuel Wagering Taxation Task Force, the first step in ensuring an equitable tax rate for historic colt racing( HHR) that will result in increased income for the nation and promote continued increment for Kentucky’s nation-leading mare industry.

” During the legislative period when the preservation of HHR was discussed, Kentucky’s horse industry pledged to work with the legislature to assess the tax structure of HHR, how those funds are allocated, what the impact would be on the industry and Kentucky’s economy if the tax rates are changed, and determine if any modifications should be made to the existing structure.

“KEEP stands ready to work with the Task Force and be part of the conversation on HHR to ensure that entire horse industry- all breeds and punishments- continues to see benefit from HHR through incentive funds and other state programs. Additionally, it is paramount that changes to the tax arrangement of HHR are not detrimental to the horse industry’s 60,000 direct and indirect jobs and its $6.5 billion impact on Kentucky’s economy. KEEP looks forward to working closely with the Task force to accomplish these goals.

“KEEP lengthens its gratitude to Representative Matt Koch and Representative Ruth Ann Palumbo for their legislative efforts to establish this Task Force.”

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