The Florida legislature passed March 8 a sweeping omnibus tax package that includes the extension of Florida’s all-time strongest Thoroughbred breeding and racing incentives and maintains state funding of Horseracing Integrity and Safety Authority regulatory assessments.
In 2023, the Florida legislature enacted a two-year breeding and racing stimulus package totaling more than $65 million. This year’s bill, HB 7073, removes a two-year statutory sunset and, if signed into law by Gov. Ron DeSantis, extends critical industry funding.
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