The Kentucky Equine Education Project (KEEP) released the following statement following the final hearing of the Kentucky General Assembly's Pari-Mutuel Wagering Taxation Task Force:
KEEP is grateful to the legislators that served on the Pari-Mutuel Wagering Taxation Task Force for their thorough and fair-minded examination of the many facets of Kentucky's horse industry, the industry's economic ecosystem, how the industry impacts the state, and the potential outcomes of adjusting the current varying tax rates on the different forms of pari-mutuel wagering.
KEEP was honored to be asked to testify during one of the five public hearings held by the Task Force. Elisabeth Jensen, KEEP's Executive Vice President who oversees the daily operations of the organization, provided testimony on the current state of Kentucky's entire horse industry, all breeds and disciplines, and its economic impact on the state including tourism, equine events, educational opportunities, the ripple effects across other sectors throughout the state, and more.
KEEP applauds the Task Force for its work on its final report and is supportive of the final recommendations that will be considered by the General Assembly during the next legislative session. KEEP looks forward to working closely with the legislature as it considers the Task Force's recommendations.
ABOUT KEEP
The Kentucky Equine Education Project, Kentucky's equine economic advocate, is a not-for-profit grassroots organization created in 2004 to preserve, promote and protect Kentucky's signature multi-breed horse industry. KEEP is committed to ensuring Kentucky remains the horse capital of the world, including educating Kentuckians and elected officials of the importance of the horse industry to the state. KEEP was the driving force in the establishment of the Kentucky Breeders Incentive Fund, which has paid out more than $177 million to Kentucky breeders since its inception in 2006, and pari-mutuel wagering on historical horse racing, which has been responsible for more than $50 million to purses and more than $24 million to the Kentucky Thoroughbred Development Fund.
KEEP works to strengthen the horse economy in Kentucky through our statewide network of citizen advocates. To learn more about how you can become a member or support our work, please visit www.horseswork.com.
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