Conversations with the NTRA: Incentives, Tax Laws and the SAFE Act Overview with Tom Rooney

Send us Fan MailsummaryIn this episode, Tom Rooney, president and CEO of the National Thoroughbred Racing Association, shares insights on recent policy changes, tax incentives, and industry challenges affecting horse racing. Discover how strategic relationships and legislative efforts are shaping the future of the sport.keywordshorse racing, NTRA, tax incentives, legislation, industry policy, horse slaughter, gambling, tariffs, racing industrykey topicsTax incentives and depreciation laws impacting horse salesLegislative efforts to prevent horse slaughter and support racingThe role of the NTRA in policy and industry advocacyImpact of tariffs and international trade on horse importationGambling tax issues and efforts to restore deductionsRelationship-building with policymakers and industry stakeholdersChapters00:00Introduction to Tom Rooney and his background in horse racing208:18:42Rooney's family history and early involvement in racing449:58:42Transition from Congress to leading the NTRA641:38:42NTRA's main purpose and recent policy focus11416:38:50The significance of bonus depreciation laws for horse sales16916:38:54Trickle-down effects of tax incentives on the industry24138:52:21The impact of gambling tax changes and efforts to restore deductions30999:59:04Tariffs on imported horses and trade issues43444:26:32The SAFE Act and efforts to prevent horse slaughter53666:39:52How the industry can support legislative efforts and advocacySupport the showPlease forward any questions directly to @paddockpulse, you can find us on twitter, instagram and facebook!Thanks for Listening!!