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FLORIDA’S DAILY SALES DIGEST • FRIDAY, APRIL 24, 2015 SALE HEADLINES Published by Florida Equine Communications Inc. WWW.FTBOA.COM Two for Seven on Thursday

By Ocala—BROCKThe SHERIDAN Ocala Breeders’ Sales Company continued their four-day Spring Sale Thursday with good prices as they sold 164 juveniles for a gross of $15,244,000. That is down slightly from last year when 195 head brought $15,854,000 but the average increased during Thursday’s session to $92,829. That figure is up Hip 719, a colt by Blame out of 14.2 percent over the $81,303 Alexandra Rylee, co-topped Thursday’s session with Hip 856 at $700,000. average during the corre- sponding third day last year. The median dropped slightly from $52,000 last year to $50,000 Thursday. One of the top sellers on the day at $700,000 was Hip Number 719, a dark bay or brown son of Breeders’ Cup Classic (G1) winner Blame and the stakes-winning, mare, Alexandra Rylee. All in Sales (Tony Bowling), Agent was the con- signor and Jonathan Thomas, Agent for Repole Sta- ble Inc. bought the colt that worked an eighth of a mile in :10 1/5 at the Under Tack program. Also selling for $700,000 was Hip Number 856, a dark bay or brown filly by Horse of the Year and Breeders’ Cup Classic (G1) winner Tiznow and out of the stakes-placed and stakes-producing mare Cedar Summer, by Souvenir Copy, making the filly a half- sister to stakes winner Populist. She was consigned by King’s Equine, Agent for and Conquest Stables LLC was the buyer. She worked an eighth of a mile in :10 flat at the Under Tack show. Another top selling filly during day three was Hip Number 692, who brought $650,000 from Conquest Stables LLC. By champion older horse and (G1) winner and out of the

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OBS April from page 1 stakes-winning, Yonaguska mare Yonagucci, she OBS Spring Sale of Two-Year-Olds in Training was clocked in a fast :9 4/5 during the Under Tack program. Bobby Dodd, Agent consigned her. Hip Number 898 brought $560,000 from Patrice Thursday’s Top Sellers *Denotes Florida-bred Miller, EQB Inc, Agent for Zayat Stables LLC. Con- Hip# Pedigree Buyer Price signed by Q Bar J LLC, the bay colt is by Irish Champion Stakes (G1) winner Giant’s Cause- 719 C., Blame–Alexandra Rylee ...... Jonathan Thomas, Agent for Repole Stable, Inc. . .$700,000 way and out of the Danehill Dancer mare Conniption consigned by All In Sales (Tony Bowling), Agent (IRE). Her Under Tack time was :10 1/5 for a furlong. Dropping the gavel at $425,000 was Hip Num- 856 F., Tizway–Cedar Summer ...... Conquest Stables LLC . .$700,000 ber 750, a chestnut son of Belmont Stakes (G1) win- consigned by King's Equine, Agent for Spendthrift Farm ner out of Apple Strudel, by More Than 692 F., Lemon Drop Kid–Yonagucci ...... Conquest Stables LLC . .$650,000 Ready. She was consigned by Wavertree Stables, Inc. consigned by Bobby Dodd, Agent IV (Ciaran Dunne) and Conquest Stables was again the buyer. Her Under Tack time was :10 1/5 for a furlong. 898 C., Giant's Causeway–Conniption (IRE) . .Patrice Miller, EQB Inc, Agt for Zayat Stables LLC . . .$560,000 The top selling Florida-bred on the day went to consigned by Q Bar J Thoroughbreds LLC L R K, Inc. who had the final bid of $420,000. Sell- 750 C., Drosselmeyer–Apple Strudel ...... Conquest Stables LLC . .$425,000 ing as Hip Number 727, the bay colt is by Ocala consigned by Wavertree Stables, Inc. (Ciaran Dunne), Agent LI Stud stallion and Jerome Stakes (G1) winner Adios Charlie and is out of Almost a Valentine, by High Rigoletta and stakes-placed Evening Concerto. colt was consigned by Ocala Stud. Out of the Slew Cotton. Almost a Valentine is a full-sister to stakes- Ocala Stud was also the breeder and consignor on Gin Fizz mare, Candlelightdinner, he is a half-brother placed Dixie High and a half-sister to stakes winner the colt, who worked two furlongs in :21 1/5. to champion and Breeders’ Cup Filly and Mare Sprint Hip No. 856 Another Florida-bred brought an amount close (G1) winner Musical Romance and stakes winner to his fellow Floridian when trainer Linda Rice, Agent Vuelve Ruben M. Bred in Florida by Ocala Stud, the went to $410,000 on a daughter of Bridlewood Farm colt worked in :21 3/5 at the Under Tack Program. stallion, champion sprinter and Breeders’ Cup Sprint Hip Number 746 brought $300,000 from Charles (G1) winner Big Drama. Selling as Hip Number 608, Chu. Consigned by Randy Bradshaw, Agent, the bay she is out of the stakes-placed, Jeblar mare Twilight colt is by Hill ‘n’ Dale Cigar Mile (G1) winner Discreet Mirage, making her a half-sister to stakes winner De- Cat and out of A.P. Cindy, by A.P. Indy. A.P. Cindy is terminado. Bred by Quarter Pole Enterprises of also a half-sister to stakes winner Romansh. The colt Ocala, the dark bay or brown filly was clocked in :20 put in an Under Tack clocking of :10 flat for a furlong. 3/5 during the Under Tack show. Also bringing $300,000 was Hip Number 876, a East–West Stable went to $350,000 for Hip gray or roan filly by Breeders’ Cup Juvenile (G1) Number 873, a gray or roan colt with an Under Tack winner Unbridled’s Song and out of the stakes win- clocking of :21 flat for a quarter-mile. By Travers ning mare Church Camp, by Forest Camp. Church Stakes (G1) winner Colonel John and out of the Camp is also a half-sister to stakes-placed Jodys stakes-placed mare Chocolate Pop, by Cuvee, he Deelite. Consigned by SGV Thoroughbreds (Steven was consigned by Richardson Bloodstock, Agent Venosa), Agent, she was purchased by John C. Hip Number 833 left the sales ring with Kimmel, Agent for Tobey L. Morton. She had an $320,000 on the money board after a final bid from Under Tack time of :10 2/5. L.E.B. By champion 2-year-old and Breeders’ Cup The final day of the Spring Sale begins today at Juvenile (G1) winner Uncle Mo, the Florida-bred, bay 10:30 am. Admission is free. I LOUISE REINAGEL PHOTO LOUISE REINAGEL WWW.FTBOA.COM • FRIDAY, APRIL 24, 2015 • 3 www.facebook.com/thefloridahorse NTRA Submits Official Response NTRA submits official response to IRS/treasury request for comment on pari-mutuel reporting and withholding Public Invited to Submit Comments MUTUEL REPORTING AND WITHHOLDING ceeding the 300:1 ratio of wagering proceeds to to Policymakers via NTRA.com Public Invited to Submit Comments to Policy- “the amount of the wager;” makers via NTRA.com , Ky. – The National Thoroughbred - The Instructions assume that a bettor has won LEXINGTON, Ky. ( ) – The Racing Association (NTRA) has submitted its offi- Tuesday, April 21, 2015 more than he or she has actually won based on a National Thoroughbred Racing Association cial response to an invitation by the Department calculation of the amount wagered that ignores the (NTRA) has submitted its official response to an of the Treasury (Treasury) and the Internal Rev- actual investment in a single pari-mutuel pool; enue Service (IRS) for comments on amending invitation by the Department of the Treasury (Trea- Treasury regulations regarding withholding and re- sury) and the Internal Revenue Service (IRS) for - Due to this outdated and unfair method of cal- porting with respect to pari-mutuel winnings. Sub- comments on amending Treasury regulations re- culating the “amount of the wager,” excessive mission of the NTRA’s formal response kicked off garding withholding and reporting with respect to withholding and reporting are taking bettors’ win- a six-week campaign during which the NTRA is pari-mutuel winnings. Submission of the NTRA’s nings out of circulation—money that otherwise encouraging fans, horseplayers and industry formal response kicked off a six-week campaign would be repeatedly re-bet; during which the NTRA is encouraging fans, stakeholders to support the push for modernized - Undue withholding and reporting of winnings horseplayers and industry stakeholders to support tax withholding and reporting from pari-mutuel and the resulting lack of re-betting, depresses the push for modernized tax withholding and re- wagering that accurately and fairly reflect the real- pari-mutuel wagering and the benefits that wager- porting from pari-mutuel wagering that accurately ities of wagering today. Specifically, the NTRA is ing supplies to all stakeholders including federal asking Treasury and the IRS to amend their tax and fairly reflect the realities of wagering today. Specifically, the NTRA is asking Treasury and the and state governments, which derive significant regulations to make it clear that the definition of tax revenue from pari-mutuel wagering, as well as the “amount of the wager” includes the total IRS to amend their tax regulations to make it clear that the definition of the “amount of the wager” in- the nationwide agri-business that pari-mutuel wa- amount wagered by a bettor into a pari-mutuel gering supports; pool when determining whether a bettor’s win- cludes the total amount wagered by a bettor into a nings are subject to withholding and reporting. As pari-mutuel pool when determining whether a bet- - An update to the regulations to reflect today’s explained in detail in the NTRA’s response, such a tor’s winnings are subject to withholding and re- pari-mutuel wagering strategies will result in more clarification will result in more accurate withhold- porting. As explained in detail in the NTRA’s accurate reporting and withholding by taxpayers ing and reporting while also benefiting bettors and response, such a clarification will result in more and is consistent with IRC Section 3402(q) and the and breeding industry as a whole. accurate withholding and reporting while also ben- basic tax policy; and The entire formal response to Treasury and the efiting bettors and the horse racing and breeding - Modernization will reduce burdensome and IRS by NTRA President & CEO Alex Waldrop can industry as a whole. needless paperwork system-wide. be accessed online as a downloadable PDF file at The entire formal response to Treasury and the http://www.ntra.com/media/8957297/letter_to_trea IRS by NTRA President & CEO Alex Waldrop can be accessed online as a downloadable PDF file at Public Comment via NTRA.com sury_commenting_on_pari-mutuel_wagering_reg- The NTRA encourages horseplayers, fans and http://www.ntra.com/media/8957297/letter_to_trea ulation_-_final.pdf. industry stakeholders who will be positively im- sury_commenting_on_pari-mutuel_wagering_reg- A form that makes it easy for the public to submit pacted if the proposed changes are adopted to ulation_-_final.pdf. an e-mail directly to the appropriate IRS and U.S. submit their own comments to Treasury and the A form that makes it easy for the public to sub- Treasury officials seeking comment can also be found IRS using a simple form now available online at mit an e-mail directly to the appropriate IRS and U.S. on the NTRA website at www.ntra.com/IRScomment. www.NTRA.com/IRScomment. Treasury officials seeking comment can also be found Public comments will be accepted through June 2. “The two-step process can be completed in on the NTRA website at www.ntra.com/IRScomment. The NTRA’s nine-page response describes the time – under two minutes,” said NTRA Public comments will be accepted through June 2. current withholding and reporting requirements, as Senior Vice President Keith Chamblin, referring to The NTRA’s nine-page response describes the well as the increasingly prevalent issues associated the 1973 Triple Crown winner’s Derby with those requirements. In the final section of the current withholding and reporting requirements, as record of 1:59 2/5. letter Waldrop summarizes the industry position well as the increasingly prevalent issues associated The form creates a customized message from on Treasury Regulation section 31.3402(q)-1 re- with those requirements. In the final section of the the sender’s own e-mail address populated with garding pari-mutuel wagering: letter Waldrop summarizes the industry position suggested language crafted by the NTRA and sub- The current regulations relating to pari-mutuel on Treasury Regulation section 31.3402(q)-1 re- mits it directly to the Treasury. reporting and withholding need to be updated for garding pari-mutuel wagering: the following reasons: The current regulations relating to pari-mutuel Industry Outreach reporting and withholding need to be updated for - In the absence of a specific regulation con- Throughout the public comment period, the NTRA the following reasons: cerning the definition of the “amount of the will continue to coordinate additional responses from wager,” the horse industry is forced to rely on the - In the absence of a specific regulation con- key industry stakeholders, including racetrack oper- Instructions for Forms W-2G and 5754. The guid- cerning the definition of the “amount of the ators, horsemen’s associations, owner and breeder ance provided by these Instructions does not re- wager,” the horse industry is forced to rely on the groups, Advance Deposit Wagering (ADW) compa- flect today’s wagering strategies in which the vast Instructions for Forms W-2G and 5754. The guid- nies and horseplayers, among others. majority of wagers are multi-horse and multi-race ance provided by these Instructions does not re- Waldrop will be in Washington, D.C., in the exotic bet types but instead reflects a bygone era flect today’s wagering strategies in which the vast coming weeks for in-person follow-up meetings when almost all wagers were straight win, place majority of wagers are multi-horse and multi-race with Thoroughbred racing’s allies within the fed- or show bets that had virtually no chance NTRA exotic bet types but instead reflects a bygone era eral government, including some of the 17 con- SUBMITS OFFICIAL RESPONSE TO IRS/TREA- when almost all wagers were straight win, place gressmen who signed a letter to the Treasury in SURY REQUEST FOR COMMENT ON PARI- or show bets that had virtually no chance of ex- support of this effort in June 2014. I WWW.FTBOA.COM • FRIDAY, APRIL 24, 2015 • 4 www.facebook.com/thefloridahorse

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FLORIDA DEPT. OF AGRICULTURE AND CONSUMER SERVICES FLORIDA THOROUGHBRED BREEDERS’AND OWNERS’ ASSOCIATION Adam Putnam, Commissioner 850-617-7341 • Fax 850-617-7331 Lonny T. Powell, CEO and Executive Vice President e-mail: [email protected] 801 SW 60th Ave. • Ocala, FL 34474 • 352-629-2160 407 S. Calhoun • 416 Mayo Building, Tallahassee, FL 32399 Fax: 352-629-3603 • www.ftboa.com • [email protected] WWW.FTBOA.COM • FRIDAY, APRIL 24, 2015 • 5 www.facebook.com/thefloridahorse

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