NTRA Lobbies for 100% Bonus Depreciation on Racehorses
What happened
The National Thoroughbred Racing Association is lobbying for 100% bonus depreciation for racehorses as part of the One Big Beautiful Bill Act. According to reports, enthusiasts spent nearly $1.5 billion buying racehorses in North America in 2025, which was nearly 21% more than in 2024.
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Why it matters
The tax proposal relates to the thoroughbred market, where horses are traded like commodities and can be valued at millions of dollars. If enacted, the tax break could influence investment and trading within the racehorse industry.
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Who's involved
- National Thoroughbred Racing AssociationLobbying for tax breaks for the racehorse industry
- Donald TrumpPresident of the United States whose administration is associated with the OBBA
- Gary BarberA client and investor in the thoroughbred market
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Gary BarberSpeculative
Gary Barber could see reduced costs on his racehorse investments if the 100% bonus depreciation is approved.
- National Thoroughbred Racing AssociationSpeculative
The National Thoroughbred Racing Association might see increased industry investment if the tax break is successfully enacted.
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The entities involved
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National Thoroughbred Racing Association
horse racing organization
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