view raw text
HORSEMEN DISCUSS TAXATION OF RACING. Lexington. Ky., October 0. At a meeting of the directors of the Thoroughbred Horse Association today, the reported intention of the State Tax Commission to" exact from the race tracks a tax equal to one-half of the receipts from the pari-mutuel betting, was discussed. It was the sense of the meeting that the state should have something from this source, but it was shown by figures on meetings past that two and one-half per cent of the money wagered would be a prohibitive tax. The horsemen and the track owners would be unable to stand as much as that. President Hal Price Hcadley was authorized to confer with general manager John Hachmeister of the Latonia and Douglas Park tracks, Charles F. Grainger of the Churchill Downs track, the directors of the Lexington track and members of the Kentucky State Racing Commission with a view to coming to some agreement as to what proportion of the receipts from betting should go to the state, the track owners and the horsemen. It was noted that manager Hachmeister had proposed last spring to devote forty per cent to stakes and purses. It was considered likely that the proper solution would be to turn the breaks or splits over to the state. That would be equivalent to approximately one per cent and in itself a handsome addition to the states revenue annually. President Headley will confer with general manager Hachmeister at Latonia tomorrow. The directors of the Horse Association also went on record, as opposed to an excess of racing in any locality and declared, "this association is opposed to the building of any more race tracks iu the proviuce of Ontario, Canada."
