A state legislative committee on Wednesday approved a bill that would exempt horse owners in Kentucky from a handful of state taxes related to equine care and farm upkeep.
The bill, the subject of lobbying by equine interests, would enable horse owners to avoid paying the state’s 6 percent sales tax on feed, fertilizer, chemicals, machinery, water, fuels, and other items “used in the production of equines,” according to the bill. The cost of the tax exemptions to the state’s general budget was estimated at $34.6 million annually.