Kentucky Panel Continues to Look at Breeders’ Fund
A panel of the Kentucky Horse Racing Commission (KRHC) looking into possible changes in the state’s breeders’ incentive fund met again Nov. 22 and discussed various options but came to no solid conclusions.
The Kentucky Thoroughbred Breeders’ Incentive Fund (KTBIF) Advisory Committee is considering all aspects of the program–from the registration process and fees to w
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A panel of the Kentucky Horse Racing Commission (KRHC) looking into possible changes in the state's breeders' incentive fund met again Nov. 22 and discussed various options but came to no solid conclusions.
The Kentucky Thoroughbred Breeders' Incentive Fund (KTBIF) Advisory Committee is considering all aspects of the program–from the registration process and fees to who is eligible to receive the incentives–for possible changes with a goal of increasing participation among breeders.
Under legislation passed about five years ago, the breeders' program is funded through the 6% sales tax on stud fees for Kentucky stallions. The money is divided by breed, with 80% going to Thoroughbreds, 13% to Standardbreds, and 7% to other breeds.
According to Jamie Eads, KHRC incentives and development director, of the 17,303 Thoroughbred mares bred in Kentucky in 2010, 8,868 have been registered for the KTBIF. There is a $60 fee due if a mare is registered prior to Aug. 1 of the year bred, and it increases to $750 from Aug. 2 of year bred to Dec. 31 of the following year
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