Posts made in March, 2013

March Trail Ride!

Posted by on Mar 13, 2013 in Events | 0 comments

March Trail Ride!

Join us Saturday, March 30th, at Hard Labor Creek State Park. Plan to be checked in and at the trailer parking lot by 10 a.m. Only cost is for park entry and a day ride pass ($5 per truck and $10 per rider for trail pass). Anyone wishing to stay over needs to make reservations with the park directly as this is just a day ride. Bring your friends and introduce them to the Georgia Horse Council! Please RSVP to info@georgiahorsecouncil.com to let us know you’re coming. http://www.gastateparks.org/HardLaborCreek

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Equine Tax Parity Act Introduced

Posted by on Mar 13, 2013 in News | 0 comments

On March 6, Congressman Andy Barr (R-KY) introduced the Equine Tax Parity Act (H.R. 998), which would make horses eligible for capital gains treatment after 12 months, rather than 24, similar to other business assets. Under the current federal tax code, gains from sales by individuals of property used in a trade or business, including horses, qualify for long-term capital gains and are subject to the maximum capital gains tax rate of 15% for taxpayers earning less than $450,000 or 20% for those earning more. Since the individual income tax rate can go as high as 39.6%, the lower rate is a real advantage. Horses held for breeding, racing, showing or draft purposes qualify...

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