NTRA Reminder on Tax Incentives

From NTRA
LEXINGTON, Ky. (Oct. 31, 2012) -- The Tax Relief Act provides an incentive through 2012 that may benefit those participating at the breeding stock sales this fall. A $125,000 Expense Allowance is in place for purchase of new or used property. In the case of breeding stock sales, broodmares (both in-foal and barren) and racing prospects may qualify for the incentive as used property. Weanlings are not eligible. Click on the links below to learn more.

Summary of incentives (two-page printable flyer) http://www.ntra.com/images/11-290-201%20Tax_Benefits_Flyer.pdf
Incentive example sheet (one-page printable flyer) http://www.ntra.com/images/12-290-105-LAC-2012-Investment-Inc-Examples-Flyer.pdf

In 2013, the Expense Allowance is scheduled to be lowered to $25,000.

Please consult a tax professional for details on how you may be able to take advantage of these opportunities before the end of the year.