Bill114th CongressFiled Oct 1, 2015Taxation
H.R. 3672
Equine Tax Parity Act
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)
Equine Tax Parity Act
This bill amends the Internal Revenue Code, with respect to the preferential tax treatment of gains and losses from the sale of depreciable property used in a trade or business, to eliminate "horses" from the definition of "livestock" (thus making the 24-month holding period requirement for livestock inapplicable to horses and allowing horses to be treated as capital assets subject to the existing 1-year holding period requirement).
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
1committees3actions3subjects
- 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