Trump Tax Break Boosts Horse Racing Industry

A new tax provision under the Trump administration, allowing immediate deduction of full costs, has led to a significant increase in spending on racehorses, effectively 'rescuing' the industry.

16 Feb, 10:00 — 16 Feb, 10:00

Coverage (1 source)

NYT16 Feb, 10:00

How a Trump Tax Break Rescued Horse Racing

Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.

By Joe Drape

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