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Coronavirus Relief Package Includes Tax Break for Racehorse Owners

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The coronavirus relief package making its way through Congress includes a tax break for owners of racehorses.
On Monday, both the United States House of Representatives …

The coronavirus relief package making its way through Congress includes a tax break for owners of racehorses. On Monday, both the United States House of Representatives and the Senate agreed to a broad $2.4 trillion spending deal, which includes more than $900 billion in relief for individuals and businesses impacted by the novel coronavirus pandemic. The deal comes after a months-long stalemate between House Speaker Nancy Pelosi (D-CA) and Congressional Republicans over whether the spending plan should include bailouts for state and local governments, as well as liability protections for employers operating amid the pandemic.

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