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Around the Track


Check Out “The Allday Way” Halstrum, LLC, developer of renowned joint supple- ment, LubriSynHA—APHA’s official joint supplement— has launched a new website designed to provide extensive information for horse owners, veterinarians and enthu- siasts. The Allday Way aims to bring the world’s equine community intimate access to Steven Allday, D.V.M., an industry-leading equine lameness specialist. The com- pletely free site is the only one-stop shop for complete horse care. Full of ongoing and exclusive content, The Allday Way includes an interactive forum with access to multiple experts, more than 100 educational videos, infor- mative articles and scheduled live chat sessions. The idea of The Allday Way stemmed from the exten-


sive sports medicine record of Allday, whose veterinary credentials include working with five Thoroughbred Horses of the Year—A.P. Indy, Cigar, Favorite Trick 1, Point Given and Saint Liam— 14 Triple Crown race win- ners and 29 Breeders Cup race winners. Allday’s strong opinions on the racetrack have made him a lightning rod for debate as well as a source of exper- tise when professionals are in need of seasoned opinion. After years of injecting horses’ joints at tracks across the country, he discovered and developed a formula for Lubri- SynHA, a daily oral dose of hyaluronic acid, the main component of joint fluid. This formula has become one of the most dependable supplements on the equine market. He is the founder and CEO of Halstrum, LLC, makers of the LubriSyn family of products. Join the conversation and learn more at thealldayway. com and follow them on Facebook.


Bill Introduced to Make Permanent 3-Year Depreciation for Racehorses


On May 24, 2013, Congressman


Andy Barr (R-KY) introduced H.R. 2212, the Race Horse Cost Recovery Act. This bill would permanently place all racehorses in the three-year category for depreciation purposes. A 2008 pro- vision that temporarily puts racehorses in the three-year category is set to expire


at the end of 2013. The American Horse Council is in favor of the Race Horse Cost Recovery Act. The 2008 Farm Bill included language that allowed all racehorses to be depreciated over three years, regardless of their age when placed in service. Prior to that, racehorses were depreciated over seven years if placed in service before they turned 2. Horses placed in service after age 2 (24 months and a day from foaling date) could be depre- ciated over three years. A horse is generally deemed to be placed in service when it begins training, which is usually at the end of its yearling year.


10  JULY 2013  PAINT HORSE RACING Depreciation is a means of recovering the cost of prop-


erty, including horses, used in a business through deduc- tions of portions of the horse’s cost over a period of years. Generally, the recovery period approximates the estimated useful life of the property. The horse industry believes a three-year deprecation schedule more accurately reflects the actual time a horse will be raced than a seven-year deprecation period. This change to the tax code will “sun- set” at the end of 2013, unless extended by Congress. For more information, visit the AHC website.


Just Out of the Gate


This unnamed 2013 colt by Awesome Chrome and out of Bullamia by Bully Bullion (QH) is a full brother to stakes winner Rah. He was bred and is owned by Ray Graves of Duncan, Oklahoma.


This 2-day-old unnamed 2013 colt is by Awesome


Chrome and out of Rockin Rose by Aze Beduino. He was bred and is owned by Ray Graves of Duncan, Oklahoma.


Contact Us:


Do you have Paint racing news to share? Email Editor Jessica Hein at jhein@apha.com or mail to: PO Box 961023 Fort Worth, TX 76161


COURTESY RAY GRAVES


COURTESY RAY GRAVES


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