Taxes

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Stimulus Act Could Impact Horse Industry

The 2009 Stimulus Act signed into law by President Barack Obama contains provisions that impact the horse industry, the American Horse Council said in a Feb. 24 memorandum.

The measure contains the bigger write-off for horses and other

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California Veterinary Tax Removed from Budget

After a three-month battle, the California state legislature last week approved the final 2009-2010 budget, sans a proposed veterinary tax. The California Veterinary Medical Association (CVMA) conducted a letter and call-in campaign to stop the

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For the Record: Taxes and Recordkeeping

Tame that wild pile of unorganized paperwork throughout the year to optimize the horse and farm ownership experience.

Editor’s Note: This article provides general information only, and readers should consult with a

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Horse Council Offers Tax Tips

The American Horse Council (AHC) is offering extensive tax information that can influence your equine business tax returns. For 40 years, the American Horse Council has provided the horse industry with tax information through the “Tax Bulletin,”

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California Governor Proposes Tax on Veterinary Services

In an effort to raise funds for the state, California Gov. Arnold Schwarzenegger recently announced his proposal to expand sales tax to include veterinary services. If this proposal passes, the governor estimated $357 million in increased revenu

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Washington Hearings Tackle Horse Farm Tax Issues



Operators of horse boarding and training farms in Washington state are poised to pack Department of Revenue hearing chambers Nov. 13 to convince the agency that their businesses should be included in statutory definitions

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Hobby or Business? Defining your Equine Venture


According to the Internal Revenue Service, if your main objective is to make a profit, then you are considered a legitimate business.



Many people involved within the horse industry often do not view their small hors

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Equine Law Conference: Review of Pending Horse Bills

American Horse Council president James J. Hickey Jr. briefed attorneys May 1 on legislative actions in Congress during the 23rd National Conference on Equine Law, but he also handicapped the immediate passage chances of a couple of them as

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