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Graywood LLC Profile
Graywood LLC

@DennisGrayJR

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Graywood LLC. Family affair of breeding/owning/training. Just two grade 1 wins away from retirement. #SiriusLight (City of Light), #RapidSequence (Complexity)

Tampa, Florida
Joined December 2021
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@DennisGrayJR
Graywood LLC
8 days
I thought foul in the stretch from the gray?
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@DennisGrayJR
Graywood LLC
8 days
Sirius today, Tampa 10th race, big price 30-1. Just saying
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@DennisGrayJR
Graywood LLC
12 days
$7500 white abarrio
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@DennisGrayJR
Graywood LLC
23 days
@SuffolkDowns May 2008 Fusaichi Pegasus colt
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@DennisGrayJR
Graywood LLC
27 days
How did this just sell for $60,000??
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@DennisGrayJR
Graywood LLC
1 month
20 years ago first stakes placed horse. Casa Nekia off the claim from Churchill to dead heat 3rd in the Suffolk Downs Oaks. @larrycollmus with the call.
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@DennisGrayJR
Graywood LLC
2 months
RT @KutterIsKing: LMFAOOOOOOOO
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@DennisGrayJR
Graywood LLC
2 months
All systems go
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@DennisGrayJR
Graywood LLC
2 months
Saturday the 10th race at Tampa. 7 hole.
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@DennisGrayJR
Graywood LLC
2 months
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@DennisGrayJR
Graywood LLC
2 months
@BloodHorse @SancalRacing @BH_EMitchell Is this horse in Turkey yet? Would love to that operation out there.
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@DennisGrayJR
Graywood LLC
2 months
Was going to claim this #9 for $80,000, watched all the races seemed pretty good. Came in last today and maybe dodged a bullet.
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@DennisGrayJR
Graywood LLC
2 months
I guess claiming $80,000 is like the new claiming $50,000
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@DennisGrayJR
Graywood LLC
3 months
@HollisPolice what are the local laws with respect to discharging firearms on your property for target practice or hunting?
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@DennisGrayJR
Graywood LLC
3 months
@politvidchannel You just appeal the decision to the Supreme Court
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@DennisGrayJR
Graywood LLC
3 months
@shirerracing ay have to cancel the trailer people now
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@DennisGrayJR
Graywood LLC
3 months
Ocala 80+ acres
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@DennisGrayJR
Graywood LLC
3 months
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@DennisGrayJR
Graywood LLC
3 months
Interesting info regarding property tax exemptions in the industry throughout the US: Several states offer favorable property tax exemptions and incentives to support the thoroughbred industry. These benefits often include agricultural classifications, tax credits, and exemptions aimed at reducing the financial burden on horse breeders and owners. Notable states with such provisions include: 1. Florida •Greenbelt Law: Florida’s Greenbelt Law allows agricultural land, including horse breeding operations, to be assessed based on its agricultural use rather than its market value. This results in significantly lower property taxes for qualifying properties. •Recent Legislative Support: In 2023, the Florida Senate advanced a tax package providing financial benefits to the thoroughbred industry, including credits against pari-mutuel taxes and funds allocated to breeders’ associations and racing facilities. 2. Kentucky •Agricultural Exemptions: Kentucky offers property tax exemptions for land used in agricultural activities, which encompass horse breeding and training operations. These exemptions help reduce the tax burden on thoroughbred farms. •Sales and Use Tax Exemptions: The state provides exemptions on sales and use taxes for certain items used in the breeding and care of horses, further supporting the industry. 3. California •Tax Relief Measures: California has implemented tax relief measures for the thoroughbred industry, including extensions of 100% bonus depreciation, which allows for immediate expensing of certain capital investments. 4. New York •Agricultural Assessments: New York offers agricultural assessments that reduce property taxes for land used in bona fide agricultural production, including horse breeding. This program assesses land based on its agricultural value rather than its full market value. 5. Texas •Agricultural Use Valuation: Texas provides an agricultural use valuation for property tax purposes, allowing land used for horse breeding to be taxed based on its agricultural productivity value, leading to lower property taxes. Key Considerations: •Eligibility Requirements: To qualify for these tax benefits, operations typically must demonstrate active engagement in agricultural activities, such as horse breeding, and may need to provide evidence of income generation from these activities. •State-Specific Regulations: Tax laws and incentives vary by state and are subject to change. It’s essential to consult with local tax authorities or a tax professional familiar with equine industry regulations in the specific state. By leveraging these state-specific tax provisions, thoroughbred industry participants can significantly reduce their property tax liabilities, thereby supporting the financial sustainability of their operations.
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@DennisGrayJR
Graywood LLC
3 months
This my ideal horse empire. Would have all broadmares there and have the babies in the back KY bred.
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