Established in 2005, the Kentucky Breeders' Incentive Fund ensures the strength and growth of the horse industry in Kentucky. The fund is financed through a 6 percent sales tax paid for breeding a mare to a stallion in the state of Kentucky.
The Incentive Fund is divided 80 percent to the Kentucky Thoroughbred Breeders' Incentive Fund (KBIF), 13 percent to the Kentucky Standardbred Breeders' Incentive Fund, which funds the Kentucky Sire Stakes (KYSS) and 7 percent to the Kentucky Horse Breeders' Incentive Fund (KHBIF).
The development funds, Kentucky Thoroughbred Development Fund (KTDF) and the Kentucky Standardbred Development Fund (KSDF), and the Kentucky Quarter Horse, Paint Horse, Appaloosa and Arabian Development Fund, were established to promote, enhance, improve, and encourage breeding in Kentucky by providing supplemental purses for designated races.
