The Senate has begun to debate its version of a multi-year national highway bill, called the Drive Act. The bill would reauthorize the Federal Highway Administration’s Recreational Trails Program (RTP).
However, Senator Mike Lee (R-UT) has filed an amendment (S.A. 2280) to the bill that would eliminate the Transportation Alternatives Program, which includes the Recreational Trails Program. The horse industry benefits greatly from this program. The Senate could vote on this amendment as early as this weekend.
The Thoroughbred Horseracing Integrity Act of 2015 (H.R. 3084) was introduced on July 16, 2015. This is the third bill introduced in this Congress to regulate horseracing at the federal level. The bill was introduced by Representatives Andy Barr (R-KY) and Paul Tonko (D-NY) and referred to the House Energy and Commerce Committee, on which Mr.
Yesterday the Senate Finance Committee reported out legislation to extend retroactively a number of tax provisions, including those supported by the American Horse Council.
The bill would extend several tax provisions favorable to horse owners, breeders, and equine businesses that expired or were reduced at the end of 2014. These include the three-year depreciation for all race horses, regardless of their age when placed in service.
On July 16, 2015, the Senate Appropriations Committee approved its version of the FY2016 Agriculture Appropriations bill. This bill provides funding for the U.S. Department of Agriculture (USDA) for the 2016 fiscal year (October 1, 2015 through September 30, 2016). An amendment was adopted by the committee during mark-up of the bill that would prohibit funding for USDA inspections atU.S.horse slaughter facilities.