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