New US Aid Package Might Save Racing Industry

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Ridan_Remembered
Posts: 1854
Joined: Sun Nov 03, 2013 2:15 pm

Sat Apr 25, 2020 9:28 am

Not sure which board, racing or breeding/sales, is the best fit for this extremely important news for the racing industry. The bill signed into law by the President yesterday might just save racing. Although the Bloodhorse.com article's headline focuses on farms, the new law and resultant new Treasury and SBA rules also have provisions for racetracks. "Separately, the U.S. Treasury and SBA released updated interim final rules that contain a key clarification that will provide essential relief to racetracks and other businesses who rely on gambling income and otherwise qualify for an SBA loan. Under the new rules, businesses that receive legal gambling income are eligible to apply for this loan forgiveness program."

https://www.bloodhorse.com/horse-racing ... s-to-farms
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