During the 86th Texas legislative session, several positive policies were passed to help support the horse and agricultural economy in our state. These types of policies help keep our state horse agricultural economy thriving and competitive with our surrounding states and as a result, we are seeing many signs that the Texas horse economy and workforce is booming.
Stay up to date on the decisions being considered that affect our industry.
Texas Racing Commission under Sunset Review
The Texas Racing commission is currently under review by the Sunset Advisory Commission. This important process will be carried out from now through November and the findings of the Sunset Advisory Commission will be reported during the 87th Legislative Session. The next scheduled public meeting is tentatively set for September 23-24, 2020. Read more
Texas legislature passes HB 2463
Horse Industry Escrow Account
Touted as one of the most significant policies ever put forward to strengthen the horse economy in Texas, this new statute reinvests up to $25 million dollars annually that are generated by the Texas horse and agricultural industry back into the continued growth of that industry.
This legislation aims to greatly enhance the racing and all horse disciplines by creating a Horse Industry Escrow Account through which, breed associations will apply for the available funding to support initiatives that grow the horse and agricultural economy in Texas.
It is estimated that this reinvestment in the state’s horse industry will generate 1,800 new permanent jobs in our state.
In addition to creating the largest purse structure seen in Texas for all breeds since 2000, the funding will be used for other disciplines as well.
Current proposals for use of the funds range from supporting 4-H horse programming and strengthening the traditions of barrel racing to assisting with veteran riding therapy programs and creating the largest incentives ever seen for horses bred right here in our state – not in Oklahoma, Louisiana or New Mexico.