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NEWS&VIEWScontinued...


gal developments. T e organization’s Racetrack Safety Program was launched July 1, 2022, and remains in place in most jurisdictions. Meanwhile, the National T oroughbred Rac- ing Association reported that the omnibus bill did not include “popular pro-business tax extenders including some that are valuable to the T oroughbred industry.” T ey include the three-year depreciation schedule for racehorses under age 2, which expired at the end of 2021, and 100% bonus depreciation, which will phase down in 2023 to 80%. “T ose provisions remain a top priority for


the NTRA, and we are hopeful to work with the new Congress in the fi rst quarter of next year to address these issues,” the NTRA said in a release. Regarding immigration, the Aff ordable and


Secure Food Act being wasn’t included in the omnibus bill. T e NTRA said the legislation would have placed the entire equine industry into the H-2A visa program so the racing in- dustry would not be subject to the yearly caps on the H-2B visa program.


“By transitioning into the H-2A program, which does not have an annual cap, those concerns would be addressed and make it easier to fi ll many vital roles in the industry,” the NTRA said. “We will con- tinue to advocate before Con- gress for passage of perma- nent solutions to temporary worker issues in the industry.”


Comings & Goings...


Happy retirement to Mary- land trainer Dale Capuano, 60, who ended a 41-year career this past December. Capuano fi nished his career as a trainer with fi ve starters on December 31, 2022 at Laurel Park. Dolice Vita won a $31,960 claiming race that day and Lost Weekend fi n- ished second in a $61,380 allowance optional claiming race. Overall, Capuano saddled horses for 3,662 wins, 3,130 seconds, and 2,680 thirds,


Trainer Dale Capuano retires after 41 years as a racehorse trainer.


for career earnings of $68,135,940. His best season was 2001 when he earned $4,397,048 in a single season.


Capuano’s top


horse by earnings was the 2002 Maryland-bred Grade 2 Stakes winner Hero's Reward, who fi n- ished out a career with $1,301,698 in earnings. During Capuano's career, he won a total of 31 meet championships in Mary- land and led all Maryland trainers by annual wins eight times.


Capuano has turned over his racing stable to his nephew Phillip Capuano as of January 1, 2023.


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FREE Tax-Saving Review for Equestrians! CPA Helps Fellow Horse Lovers File Their Taxes Worry-Free When Dealing With The IRS


My staff and I are adult amateurs who compete in various disciplines. When not competing, we are helping assist other people with tax fi ling, planning and other fi nancial situations.


I have been an expert tax professional for over 15 years. Currently, Iʼm looking to accept a few more like-minded clients who share a similar passion for horses.


If you are looking for a CPA or fi nancial professional who understands your unique situation, feel free to contact me at my offi ce.


*Mention my “horse ad” and I will personally review your previous three years of tax returns at no charge as a fellow equestrian courtesy. ($600 Value)


If you are not satisfi ed with my ability to help you and your tax situation for any reason, just say so and Iʼll be happy to return all of your documents and buy you lunch for your troubles … guaranteed. I want you to have zero risk in choosing my tax fi rm to help you with Uncle Sam.


10 | FEBRUARY 2023 | THE EQUIERY YOUR MARYLAND HORSE COUNCIL PUBLICATION


Jennifer Allen, CPA


(301) 524-6335 www.jallencpa.com


800-244-9580 | www.equiery.com


Maryland Jockey Club photo


0320


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