April 12, 1995 in Sports

Horse Track Gets Tax Help

Compiled From Wire Services
 

The Senate overwhelmingly passed a bill Tuesday that would grant tax breaks to help build a new thoroughbred racetrack in Western Washington.

HB1248 would allow deferrals of retail sales and use tax on all materials, equipment and labor used to build or equip the track.

Under a Senate amendment, the taxes would be deferred, interest free for five years. They would be repaid over the next 10 years.

Western Washington has been without a thoroughbred track since 1992, when Longacres was bought by The Boeing Co. for an office complex.


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