On Friday, February 18, New Jersey Governor Chris Christie vetoed Bill S2394/A3531, which would have seen monies received from the sales tax on horse transactions redistributed back into the horse racing industry
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According to a report on examiner.com, Governor Christie's veto has denied the equine industry hundreds of thousands of dollars in self-generated funds from racetrack horse claiming activity and other sales.
The article explains that the tax revenues would have provided enhanced incentives toward a dedicated fund for the breeding and development of the race horse industry in the state.
Governor Christie's veto of Bill S2394/A3531 came just one day after both houses of the New Jersey Legislature passed pieces of legislation which look like they will have a positive impact for the state racing industry.
(With files from examiner.com)
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Governor Christie has
Governor Christie has figured out the political game. You gather all the taxes and revenue that the horse racing business generates and describe them as much needed revenue to run the State of New Jersey. You then analyze and discuss the industry openly in the press as a subsidized industry until everybody forgets all the taxes on claims,simulcasting,takeout on live racing, state and property taxes on industry participants and center the discussion around the 30 million dollar bribe to the horse racing participants for not blowing the whistle or discussing the stupidity of giving a monopoly to Atlantic city on all casino gaming in the state of New Jersey. I have yet to see any statistic from the government that shows that horse racing is a net negative business to the state of New Jersey. I hope Governor Christie doesnt fill his freezer with steaks because I think residents of New Jersey may miss the cash cow long after Gov Christie has moved to Washinton D.C to play CAPTAIN CONSERVATIVE.