Bill114th CongressFiled Oct 1, 2015Taxation
H.R. 3671
Race Horse Cost Recovery Act of 2015
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 1, 2015)
Race Horse Cost Recovery Act of 2015
This bill amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a three-year recovery period for any race horse. (Current law limits depreciation to race horses placed in service before January 1, 2015, and race horses that are more than two years old if placed in service after December 31, 2014.)
What just happenedOct 1, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Barr, Andy [R-KY-6](R-KY)Sponsor
1committees3actions4subjects
- Introduced in HouseOct 1, 2015
- Oct 1, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 1, 2015IntroReferralIntro-H
Introduced in House
- Oct 1, 2015IntroReferral1000
Introduced in House