Tuesday, January 20, 2009

And Now, Tax Breaks for Winning Gamblers

Supported, of course, by the NTRA;


With the new Congress, the NTRA lobbying team is gearing up to secure re-introduction of the Pari-mutuel Conformity and Equality Act (the PACE Act).

The PACE Act would eliminate the automatic federal withholding on winnings of $5,000 or more. The bill was introduced in the last Congress by Rep. Charles Boustany, Jr. (R-LA), whose district includes two racetracks.

As a member of the powerful Ways & Means Committee, which has jurisdiction over tax matters, Rep. Boustany’s support is important to moving the bill out of committee. The Ways & Means committee has over 40 members from racing states like California, Kentucky, Florida, Pennsylvania, Ohio, Louisiana, New Jersey, New York, Maryland, Illinois, Texas, Virginia and Washington. Visit the Ways & Means Web site www.waysandmeans.house.gov for a full list of members.

But don’t stop there. As soon as the PACE Act is re-introduced with a new bill number, we’ll notify you and post an electronic letter that you can send to your Congressional representative, asking them to co-sponsor the legislation. All you need is your ZIP code. It takes 2 minutes and it’s free.

Our racetracks and horsemen are fully behind this legislation. We need you to join with them in telling Congress that the PACE Act is important to you.


Joe Bacigalupo

Director of Membership Development


Phone: 859-422-2677

e-mail: joeb@ntra.com

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