Tuesday, August 12, 2008

NTRA Withholding Reform Bill

There has been much in the media recently about the Withholding Reform Bill that has just recently been introduced in the House of Representatives. If you're not familiar with the current withholding law, there is a current 25% automatic withholding of any payout greater than $5,000.

Reform would clearly help the players by leaving more money in their pockets after a big score, and help the tracks, ADWs, and horsemen by leaving more money available to the wagering pools throughout the year.

We'd like to ask all HANA members and readers to take a minute or two to follow this link, where you can quickly send off a message to your congressperson in support of the bill.

No comments: