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	<title>three-year tax depreciation | Horse Racing Free Tips</title>
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		<title>Horseracing Integrity And Safety Act Signed Into Law</title>
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		<pubDate>Mon, 28 Dec 2020 03:24:24 +0000</pubDate>
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					<description><![CDATA[<p>The Horseracing Integrity and Safety Act is now law. The legislation passed by the Senate on Dec. 21 that will put anti-doping/medication control and safety programs under the umbrella of one independent, non-governmental Authority, the Horseracing Integrity and Safety Act was part of a 5,500-plus page, $2.3 trillion bipartisan government funding bill that included $900 […]</p>
<p>The post <a rel="nofollow" href="https://www.paulickreport.com/news/the-biz/horseracing-integrity-and-safety-act-signed-into-law/">Horseracing Integrity And Safety Act Signed Into Law</a> appeared first on <a rel="nofollow" href="https://www.paulickreport.com/">Horse Racing News &#124; Paulick Report</a>.</p>
The post <a href="https://horseracingfreetips.com/horseracing-integrity-and-safety-act-signed-into-law/">Horseracing Integrity And Safety Act Signed Into Law</a> first appeared on <a href="https://horseracingfreetips.com">Horse Racing Free Tips</a>.]]></description>
										<content:encoded><![CDATA[<p>The Horseracing Integrity and Safety Act is now law.</p>
<p>The <a href="https://www.paulickreport.com/news/the-biz/a-pivotal-moment-industry-leaders-applaud-passage-of-horseracing-integrity-and-safety-act/">legislation passed by the Senate on Dec. 21</a> that will put anti-doping/medication control and safety programs under the umbrella of one independent, non-governmental Authority, the Horseracing Integrity and Safety Act was part of a 5,500-plus page, $2.3 trillion bipartisan government funding bill that included $900 billion in coronavirus relief extending unemployment benefits and providing up to $600 in cash payments to individuals. President Donald Trump, whose Treasury Department officials helped negotiate the package, had threatened to veto the bill, in part demanding that the $600 individual benefits be increased to $2,000.</p>
<p>On Sunday night, Trump signed the bill into law.</p>
<div class="desktop-only inline-advertisement zoneid-290"><span id='zone_290_0' class='digome_advertising'><ins data-revive-zoneid=290 data-revive-id="b284fa4ee2b53b5c0fb16aa42e76910a"></ins></span></div><div class="mobile-only mobile-content-inline mobilezoneid-"><ins data-revive-zoneid= data-revive-id="b284fa4ee2b53b5c0fb16aa42e76910a"></ins></div>
<p>A <a href="https://www.paulickreport.com/news/the-biz/blue-ribbon-nominating-committee-formed-to-select-horseracing-integrity-and-safety-authority-board-members/">previously formed nominating committee</a> can now move forward in naming the nine members who will comprise the Horseracing Integrity and Safety Authority (five independent members from outside of the horse industry, four from within the industry but without current investments or conflicts of interest). The Authority has been charged with contracting with the United States Anti-Doping Agency to oversee the anti-doping/medication control program on a national basis.</p>
<p>Two working committees also will be named. For more information on what comes next, read <a href="https://www.paulickreport.com/news/ray-s-paddock/what-happens-next-interstate-horseracing-integrity-and-safety-act-faqs/">answers to frequently asked questions</a>, as supplied by Marc Summers, vice president and general counsel for The Jockey Club, which helped steer the legislation through Congress.</p>
<p>Passage of the legislation, originally supported by the grassroots Water Hay Oats Alliance and sponsored in the House of Representatives by Democrat Paul Tonko of New York and Repubolcian Andy Barr of Kentucky, was years in the making. It got fast-tracked earlier this year when Republican Senate Majority Leader Mitch McConnell threw his support behind it after Churchill Downs came on board and joined with other major racing organizations. It passed the House in September on a voice vote and was part of the omnibus bill passed overwhelmingly by the Senate Dec. 21.</p>
<p>The omnibus legislation that is now law includes other measures beneficial to the horse industry, including <a href="https://www.paulickreport.com/news/the-biz/omnibus-legislation-will-allow-current-h-2b-visa-provisions-to-continue/">continuation of H-2B visa</a> programs for foreign workers and <a href="https://www.paulickreport.com/news/the-biz/omnibus-legislation-includes-key-tax-provisions-covid-relief-for-thoroughbred-industry/">extension of three-year tax depreciation</a> for purchase of racehorses and COVID relief for small businesses in the horse business.</p>
<p>The post <a rel="nofollow" href="https://www.paulickreport.com/news/the-biz/horseracing-integrity-and-safety-act-signed-into-law/">Horseracing Integrity And Safety Act Signed Into Law</a> appeared first on <a rel="nofollow" href="https://www.paulickreport.com/">Horse Racing News | Paulick Report</a>.</p>

<p class="syndicated-attribution"><a href="https://www.paulickreport.com/news/the-biz/horseracing-integrity-and-safety-act-signed-into-law/">Source of original post</a></p>The post <a href="https://horseracingfreetips.com/horseracing-integrity-and-safety-act-signed-into-law/">Horseracing Integrity And Safety Act Signed Into Law</a> first appeared on <a href="https://horseracingfreetips.com">Horse Racing Free Tips</a>.]]></content:encoded>
					
		
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