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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

Team TOC Competes in National Handicapping Championship

From left to right:  Bob Huson, Maureen Richardson, Pete Serdarusich, and Liz Morey (TOC’s Northern California Liaison). Huson, Richardson, Serdarusich, and Morey comprise Team TOC at the 18th annual DRF/NTRA National Handicapping Championship. The three-day event, which is being held at Treasure Island in Las Vegas, offers total prizes and awards of more than $2.9 … Read more

Proposed Regs to Modernize Pari-Mutuel Withholding & Reporting

Contact Keith Chamblin, NTRA, at (859) 621-1120 DEPARTMENT OF TREASURY AND IRS ISSUE PROPOSED REGS TO MODERNIZE PARI-MUTUEL WITHHOLDING AND REPORTING Lexington, Ky. (December 29, 2016) – The Department of Treasury and Internal Revenue Service (IRS) today issued newly proposed regulations relating to withholding and reporting with respect to pari-mutuel winnings. The 31-page Treasury document, … Read more

Baffert Available for Interviews at Super Bowl 50 Media Center

FOR IMMEDIATE RELEASE Contact: Jim Mulvihill, NTRA Communications, (917) 741-1198, jmulvihill@ntra.com TRIPLE CROWN-WINNING TRAINER BOB BAFFERT AVAILABLE FOR INTERVIEWS AT SUPER BOWL 50 MEDIA CENTER THURSDAY MORNING What: Live interviews with Bob Baffert, trainer of Triple Crown winner American Pharoah Baffert – the Hall of Fame trainer of Triple Crown hero American Pharoah, as well … Read more

Team TOC Competes in National Handicapping Championship

Peter Serdarusich, Jeff Hug and Wayne Atwell comprise Team TOC at the 17th annual DRF/NTRA National Handicapping Championship. The three-day event, which is being held at Treasure Island in Las Vegas, offers total prizes and awards of more than $2.5 million including an $800,000 grand prize. Serdarusich and Atwell qualified at the TOC Owners’ Challenge … Read more

Support the Push for Modernized Tax Withholding

NTRA SUBMITS OFFICIAL RESPONSE TO IRS/TREASURY REQUEST FOR COMMENT ON PARI-MUTUEL REPORTING AND WITHHOLDING Public Invited to Submit Comments to Policymakers LEXINGTON, Ky. (Tuesday, April 21, 2015) – The National Thoroughbred Racing Association (NTRA) has submitted its official response to an invitation by the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) for … Read more

Art Sherman to Receive Mr. Fitz Award Oct. 29

Trainer Art Sherman is being honored on Wednesday, Oct. 29, by the National Turf Writers and Broadcasters Association (NTWAB) as the recipient of the Mr. Fitz Award, named in honor of legendary trainer “Sunny Jim” Fitzsimmons and presented annually to someone who “typifies the spirit of racing.” The award will be presented at a special … Read more