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Industry News

Coalson's Real Estate Tips – Ag Exemption

Written by Sonny Williams on .

Spring is here, and with that can be a mammoth list. Near the top of any list should be to make sure that your land is in agricultural exemption (AE) on the property tax rolls. As most of us will agree, taxes are not the coolest of subjects to discuss; however, property taxes can be a real financial burr in your saddle if your land is not in AE when it could be. AE property taxes are significantly lower than the normal land tax rates. Structural improvements are not considered. This can be a significant savings for most people. Ten acres is the minimum acreage to qualify for AE, and the land must be narrowly and exclusively focused on the enhancement and development of agriculture. If property falls out of AE, it could take up to five years to regain AE status. Jan. 1 to April 31 is the deadline to apply for AE. Contact your local property tax appraisal district to inquire about AE or any other questions concerning property taxes. There's no need in paying significantly more that you have to if your land qualifies.

McAllen Coalson, Broker / Coalson Real Estate

AQHA Convention Wrap-up

Written by AQHA on .

aqha_logoEach spring, the American Quarter Horse Association holds an annual convention to review member-submitted rule changes, appoint new AQHA directors, induct new members to the American Quarter Horse Hall of Fame and present year-end awards. The 2012 AQHA Convention was March 9-12 at the South Point Hotel & Casino in Las Vegas.

Glenn Blodgett Elected to AQHA Executive Committee

Written by AQHA on .

Dr. Glenn Blodgett
At the 2012 American Quarter Horse Association Convention in Las Vegas, Nev., a new member was elected to the AQHA Executive Committee. This five-person committee is responsible for implementing important decisions made by AQHA members through the board of directors. The newest member of the committee is Dr. Glenn Blodgett, 63, of Guthrie, Texas.

Trainer Indicted For Alleged Horse Protection Act Violations

Written by HSUS Press Release on .

March 2012 - According to the Chattanooga Times Free Press, "Federal criminal charges against a top trainer in the multimillion-dollar Tennessee walking horse industry have some asking whether current methods to halt abusive practices of 'horse soring' are effective or if the entire sport needs an overhaul.

'I think it is a huge wake-up call for the industry. [McConnell] is a key player,” said Keith Dane, director of equine protection for the Humane Society of the United States.' "

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Comptroller's Use of Texas Sports Event Funds Questioned

Written by QHN Staff on .

According to an article in the Fort Worth Star-Telegram, there are questions about the oversight of money being distributed by the Event Trust Fund in Texas. "... in recent years [Texas Comptroller Susan] Combs has used that power to approve millions of dollars in expenditures on events that originated here and don't appear to be leaving Texas anytime soon."

The Event Trust Fund's contributions greatly benefit a number of equine events held in Texas, including shows produced by NCHA, NRHA, APHA, AQHA and NRCHA.

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See how much money was distributed to approved events

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