Sign this petition if you disagree with ANY of the new Incentive Fund restructuring changes, set to begin in 2012 (see specifically, item #4) and if you think AQHA should put it out for members to vote on before implementation of this restructure.

Incentive Fund changes for the 2012 show season include:

1) Increase the percentage paid to both the stallion nominator and the foal nominator to 15 percent each. The owner of the horse at the time the points are earned will be paid 70 percent. (The change will take effect for the 2012 show season that’s paid out in February 2013.)

2) Increase the 2013 foal nomination fee to $125.

3)Enforce a point cap of 200 points per year. Any points earned up to 200 will be paid out at 100 percent of the point value per point. Any points beyond that will be paid at 80 percent of the point value per point.

4) Establish a $50 licensing fee per division for amateur and open that is due annually in January. If the license is not remitted for a particular year, any points the horse earns will not be eligible for Incentive Fund money.

5)Establish a transfer of license fee to be assessed when an Incentive Fund-nominated horse changes ownership. The new owner will pay $50 to continue the horse’s annual license in the Incentive Fund. The new owner will have 30 days to transfer the license, and will earn Incentive Fund money on show points from the date of sale. If a horse is licensed in 2012 and earns points all year, but is transferred in June and the new owner does not transfer the license, the points will be paid to the owner during the first half of the year when the horse was licensed, but not for the points earned while the second owner showed the horse.

6) Offer Incentive Fund nomination for second-career racehorses enrolled in the Bank of America Racing Challenge. An Incentive Fund nomination fee of $500 will be assessed. The nomination fee is in addition to the $50 annual licensing fee

Read more: http://www.gohorseshow.com/article/AQHA/AQHA/AQHA_Incentive_Fund_Gets_a_Facelift/36104

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