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Congress passes spending plan that includes HISA, depreciation extension
The United States House of Representatives and Senate the evening of Dec. 21 passed a $1.4 trillion spending package includes the Horseracing Integrity and Safety Act of 2020 and an extension of a racehorse tax depreciation schedule.
Early in the morning of Dec. 22, federal lawmakers also passed a $900 billion COVID-19 relief bill that includes provisions that could benefit the horse racing and breeding industry. The programs are similar to those that were established in the spring of 2020 to offer financial aid to individuals and businesses impacted by the virus.
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Live racing returns to the Maryland State Fairgrounds in Timonium for a seven-day meet beginning Friday, August 22, and running through Labor Day, Monday, September 1. The meet, known for its tight five-furlong oval and festive summer atmosphere, continues to be a popular and tradition-rich stop on the Maryland racing calendar.
Fair Hill is moving forward with its plan to offer Thoroughbred racing on its new turf course on Saturday, Aug. 30, and it will mark the first meet in six years at the Cecil County facility.
