Article
Kentucky Farm-Level Equine Receipts Increase in 2011
September 30, 2012
After declining for three straight years, Kentucky farm-level equine receipts increased in 2011.... Read More
Article
AHC: Connect with Congress on Equine Issues
January 26, 2012
It's important that elected leaders understand and appreciate the United State's $102 billion horse industry.... Read More
Article
Tax Changes for Horse Owners Take Effect
January 04, 2012
Federal legislation did not extend the Section 179 expense deduction or 100% bonus depreciation.... Read More
Article
2012 Equine Business Conference Scheduled
December 14, 2011
Topics covered include equine insurance; law; tax and finance; and promotion, marketing, and advertising.... Read More
Article
AHC: Horse Industry Should Take Notice of New Congress
January 19, 2011
The 112th Congress of the United States convened in early January and will face many of the same issues left over from the last Congress. But they might remain on the table as this Congress' emphasis will be on cutting government programs and ... Read More
Article
Racehorse Breeding Tax Shelter Operators Plead Guilty
October 27, 2009
Federal authorities say three men have pleaded guilty to conspiracy charges in a scheme that allowed wealthy people to get tax benefits from investments in Thoroughbred horse breeding. The U.S. attorney's office for Oregon said Monday the... Read More
Article
Horses Top Kentucky Agriculture Receipts in 2008
August 30, 2009
Cash receipts from sales of horses and stud fees in Kentucky again made equines the top agriculture product in 2008, according to state agriculture commissioner Richie Farmer. Horse sales and stud fees totaled $1.08 billion, down 4% from... Read More
Article
Stimulus Act Could Impact Horse Industry
February 27, 2009
The 2009 Stimulus Act signed into law by President Barack Obama contains provisions that impact the horse industry, the American Horse Council said in a Feb. 24 memorandum. The measure contains the bigger write-off for horses and other... Read More
Article
California Veterinary Tax Removed from Budget
February 24, 2009
After a three-month battle, the California state legislature last week approved the final 2009-2010 budget, sans a proposed veterinary tax. The California Veterinary Medical Association (CVMA) conducted a letter and call-in campaign to stop the... Read More
Article
For the Record: Taxes and Recordkeeping
February 01, 2009
Tame that wild pile of unorganized paperwork throughout the year to optimize the horse and farm ownership experience. Editor's Note: This article provides general information only, and readers should consult with a... Read More
Article
Horse Council Offers Tax Tips
January 27, 2009
The American Horse Council (AHC) is offering extensive tax information that can influence your equine business tax returns. For 40 years, the American Horse Council has provided the horse industry with tax information through the "Tax Bulletin,"... Read More
Article
California Vet Service Tax Fails; Might Resurface
December 03, 2008
Last week, the California State Senate and Assembly rejected Gov. Arnold Schwarzenegger's proposal to balance the budget, which included the addition of a sales tax to veterinary... Read More
Article
California Governor Proposes Tax on Veterinary Services
November 26, 2008
In an effort to raise funds for the state, California Gov. Arnold Schwarzenegger recently announced his proposal to expand sales tax to include veterinary services. If this proposal passes, the governor estimated $357 million in increased revenu... Read More
Article
Washington Hearings Tackle Horse Farm Tax Issues
November 10, 2008
Operators of horse boarding and training farms in Washington state are poised to pack Department of Revenue hearing chambers Nov. 13 to convince the agency that their businesses should be included in statutory definitions... Read More
Article
Hobby or Business? Defining your Equine Venture
August 31, 2008
According to the Internal Revenue Service, if your main objective is to make a profit, then you are considered a legitimate business. Many people involved within the horse industry often do not view their small hors... Read More
Article
Australia's Equine Industry Won't Receive Influenza Bill
June 11, 2008
An Australian government official announced today that the horse industry would not be asked to pay for the expenses associated with last year's outbreak of equine influenza. According to the <A... Read More
Article
Keeping Records
June 02, 2008
At some point, in response to an audit, for example, it may be necessary to prove to the IRS that your horse activity really is a business entitled to deductions for business expenditures. You also may be required to prove the level of your participa... Read More
Article
Equine Law Conference: Review of Pending Horse Bills
May 02, 2008
American Horse Council president James J. Hickey Jr. briefed attorneys May 1 on legislative actions in Congress during the 23rd National Conference on Equine Law, but he also handicapped the immediate passage chances of a couple of them as... Read More
Article
Equine Law Conference: Estate Planning for Horsemen
May 01, 2008
An attorney specializing in estate planning says now is a good time for horsemen and others to establish tax-friendly programs that pass along assets to descendants--but warned that time was of the essence in organizing such efforts.... Read More
Article
Economic Stimulus Benefits Owners of Horse Businesses
February 14, 2008
The Economic Stimulus Act signed into law by President Bush on Feb. 13, 2008 includes two tax incentives that would allow a much bigger write-off for horses and other property purchased and placed in service during 2008, according to an advisory... Read More
Article
New Tax Could Put Tennessee Horse Owners in Bind
January 12, 2008
As if the drought wasn't enough for the farmers of Tennessee. Beginning Jan. 1, all people buying feed (hay, grain, etc.), farm equipment, and other tax-exempt farm supplies in the Volunteer State had to present proof of exemption or pay almost... Read More
Article
KEEP to Focus on Tax Relief for the Horse Industry
October 05, 2006
Tax relief for the horse industry, not racetrack gaming, will be the focus of the Kentucky Equine Education Project (KEEP) during the 2007 General Assembly session, according to the chairman of the organization. KEEP this year authored... Read More
Article
Companion to 'Equity Act' Introduced in U.S. House
November 02, 2005
Companion legislation to the Equine Equity Act, which grants financial concessions to the horse industry, has been introduced in the United States House of Representatives. U.S. Rep. Ron Lewis of Kentucky introduced the bill Oct. 27. Sen... Read More
Article
Kentucky Senator Introduces Legislation to Promote Horse Industry
July 29, 2005
Equine Equity Act will provide tax relief for horse owners U.S. Senator Mitch McConnell introduced a bill Thursday (July 28) designed to promote investment in the horse industry by removing provisions of federal law that favor... Read More
Article
North Carolina Horse Industry Growing
April 13, 2005
The North Carolina Horse Council announced April 5 that the referendum vote on the Horse Industry Promotion Assessment held March 9 passed with a 95% favorable vote. The vote authorizes the continuation of the $2 per ton voluntary assessment on... Read More
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