STIMULUS ACT COULD IMPACT HORSE INDUSTRY

The 2009 Stimulus Act signed into law by President Barack Obama contains provisions that impact the horse industry, the American Horse Council said in a Feb. 24 memorandum. The measure contains the bigger write-off for horses and other property purchased and placed in service during 2009, the AHC said. The benefits were part of 2008 tax stimulus legislation, but they expired at the end of 2008. Continue reading…