The Florida Legislature has concluded policy discussions for the 2025 Regular Legislative Session, effectively killing the proposed decoupling provisions of Senate Bill 408, House Bill 105 and House Bill 1467, all of which the Florida Senate declined to approve for final passage.
However, Florida’s Constitution requires the Legislature to pass a balanced state budget each year. To meet this constitutional requirement, the Legislature has extended the Legislative Session through June 6, but has limited the focus to items related to the state budget.
Lonny Powell, CEO of the Florida Thoroughbred Breeders’ and Owners’ Association (FTBOA), issued the following statement to commend Florida leaders who have stood with Florida’s Thoroughbred industry, while emphasizing the importance of continued collaborative efforts to preserve and strengthen this vital industry:
“The conclusion of Florida’s regular legislative session brings encouraging news for our beloved Thoroughbred legacy and the thousands of Floridians who dedicate their livelihoods to this proud tradition. The FTBOA — and the many horsemen groups, individuals and elected officials who joined our efforts — once again defended our industry from an ill-advised attempt at decoupling, just as we did in 2012, 2016, 2018 and 2021.
“We are deeply grateful to the many breeders, owners, trainers, vets and horsemen who travelled to Tallahassee to share their heartfelt opposition with lawmakers. Your voices had a clear impact and made a real difference. We also thank the lawmakers who championed our industry’s values, engaged thoughtfully with our members and stood firm against proposals that threatened the foundation of Florida’s $3.24 billion [USD] Thoroughbred industry.
“As the Legislature continues to consider matters related to the state budget in the coming weeks, we will remain firm in our opposition to any effort to weaken Florida’s Thoroughbred industry. We look forward to continuing our work with Florida’s leaders and stakeholders on long-term solutions that preserve and grow this vital industry for years to come.”
(FTBOA)