Bill113th Congress
H.R. 998
To amend the Internal Revenue Code of 1986 to reduce the holding period used to determine whether horses are section 1231 assets to 12 months.
Introduced
Mar 6, 2013
Origin Chamber
House
Policy Area
Taxation
Latest Action
Mar 6, 2013
Latest Action
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Barr, Andy [R-KY-6]
Republican·KY-6
Bioguide ID: B001282
First Name: Andy
Last Name: Barr
By Request: N
0
Cosponsors
1
Committees
3
Actions
0
Amendments
0
Related Bills
4
Subjects
1
Summaries
2
Titles
1
Text Versions
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 998
- Congress
- 113
- Introduced Date
- Mar 6, 2013
- Policy Area
- Taxation
- Is Law
- No
Mar 6, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
Source: House floor actions
Mar 6, 2013IntroReferralIntro-H
Introduced in House
Source: Library of Congress
Mar 6, 2013IntroReferral1000
Introduced in House
Source: Library of Congress
Introduced in House· Mar 6, 20130
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).
Ways and Means Committee
House· Standing
Accounting and auditingBusiness investment and capitalCapital gains taxLivestock
Introduced in House
Mar 6, 2013