Florida: tax friendly, pro-business
01.
No tax on
stallion seasons
02.
Horses purchased from original breeder are sales tax exempt
03.
No personal state income or individual capital gains tax
04.
Feed/animal health items are tax exempt
Florida-Bred Incentives
Florida Breeder Awards
2024: Breeder Awards increase to 20% of gross purse (less FOA’s), paid to the breeders of win, place and show earners in Florida races:
‘
Win – 12.5% of gross purse, up to $12,500 per race
Place – 5% of gross purse, up to $5,000 per race
Show – 2.5% of gross purse, up to $2,500 per race
Florida
Stallion
Awards
FTBOA pays Stallion Awards to the owner of Thoroughbred stallions appropriately registered with the FTBOA and siring FTBOA-registered Florida-breds that finish first in a listed black-type stakes race at a Florida track.
Year 2024 Stallion Awards increase to 20% of gross purse, up to $20,000 per race.