WASHINGTON, DC—JANUARY 1, 2017—According to an article by Chris Coffman, published today in the BloodHorse Daily, changes from the tax reform package approved late last month will have substantial economic impact on Quarter Horse and Thoroughbred owners, breeders, and other participants in the racing industry.

President Trump signed the sweeping legislation into law December 22.

The tax changes, which had no bi-partisan support, are the most comprehensive since the 1986 Tax Act passed under President Ronald Reagan.

With new changes beginning this year, it is important for racing industry stakeholders to be aware of possible effects the new legislation could have on their equine businesses.

For Chris Coffman's complete article, identifying key provisions that should be of interest to the industry, CLICK HERE and scroll down to page 3.