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  • Smoke Glacken sire of Walker Bay 1st Alw (May 24, 8th CD). Owner, Hammersmith, Dennis L. and Paden Racing, Inc.; Breeder, Brian O'Rourke & Derry Meeting Farm...
  • Tribal Rule sire of Italian Rules 1st Alw (May 24, 7th BHP). Owner, Barber, Gary and Cecil; Breeder, Nick Cafarchia...
  • Holy Bull sire of Catalan 1st Alw (May 24, 8th BEL). Owner, Elizabeth Loftus; Breeder, B. P. Walden & Dr. S. Marcum...
  • Flower Alley sire of Bouquet Booth 1st Alw (May 24, 7th CD). Owner, Right Time Racing LLC; Breeder, Brookdale & Dr. Ted Folkerth...
  • Arch sire of Wiki 1st Alw (May 24, 2nd PID). Owner, Midwest Thoroughbreds, Inc.; Breeder, Stuart S. Janney, III LLC....
  • Tapit sire of Quail Hollow 1st Alw (May 24, 8th CT). Owner, Stevark Stable, Inc.; Breeder, Dr. O. M. Patrick...
  • Chapel Royal sire of Mr Rodriguez 1st Mdn (May 24, 2nd BEL). Owner, Imperio, Michael and Loftus, Elizabeth; Breeder, Jill Imperio & Daniella Corian...
  • Latent Heat sire of Heated Troubles 1st Mdn (May 24, 5th RD). Owner, Ashleigh Stud; Breeder, Ashleigh Stud, Frank Ramos & JackieRamos...
  • Canadian Frontier sire of Golden Frontier 1st Alw (May 24, 3rd CD). Owner, George Fister; Breeder, Brereton C. Jones...
  • Successful Appeal sire of Warning Song 1st Alw (May 24, 6th PRM). Owner, Maggi Moss; Breeder, Bloodstock Holdings LLC...
  • B L's Appeal sire of B L's Tsumani 1st Alw (May 24, 7th PRM). Owner, Gary Spragg; Breeder, Frank Bertolino...
  • First Samurai sire of Nakano 1st Alw (May 24, 8th CRC). Owner, Thoroughbred Futures Racing; Breeder, Hubert Vester...
  • Wando sire of Deb's Girly Girl 1st Alw (May 24, 6th RD). Owner, Deborah F. Metz; Breeder, Deborah F. Metz...
  • Benchmark sire of Planet Sunshine 1st Alw (May 24, 5th GG). Owner, Thomas A. Shapiro; Breeder, Thomas Shapiro...

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Kentucky Senate adds deadline for Breeders’ Cup tax break

Posted: Thursday, March 11, 2010 5:14 PM

by Jeff Lowe

The Kentucky State Senate unanimously approved a November 4 deadline for Breeders’ Cup Ltd. to qualify for a pari-mutuel tax break by committing to stage the Breeders’ Cup World Championships in the commonwealth in 2011 or ’12, in addition to this year’s event at Churchill Downs.

If the decision comes later, Breeders’ Cup would not be eligible to keep the pari-mutuel tax from this year’s event.

Senator Damon Thayer (R-Georgetown) said the tax break was worth about $750,000 when Churchill last played host to the Breeders’ Cup in 2006. At the time, Thayer was vice president of event management for Breeders’ Cup Ltd. He left the company in 2007 and now serves as a communications consultant, along with his role in the Senate.

Thayer estimated that the tax break would be worth $1-million this year under the Breeders’ Cup’s 14-race, two-day format that debuted in 2008, the first of two straight editions at Santa Anita Park.

The tax provision expired when Breeders’ Cup did not return to Churchill within three years, but the General Assembly passed a bill last summer that would reinstate it if the event is held in Kentucky in 2010 and either ’11 or ’12. Thayer’s provision, which passed unanimously with 37 votes on Thursday, would force Breeders’ Cup to commit to the second year by November 4 in order to qualify for the tax credit. Churchill will host the World Championships on November 5 and 6.

Jeff Lowe is a Thoroughbred Times staff writer

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