Bill115th CongressFiled Mar 30, 2017Taxation
H.R. 1804
Race Horse Cost Recovery Act of 2017
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 30, 2017)
Race Horse Cost Recovery Act of 2017
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 the three-year recovery period to race horses placed in service before January 1, 2017, and race horses placed in service after December 31, 2016, that are more than two years old when placed in service by the purchaser.)
What just happenedMar 30, 2017
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 HouseMar 30, 2017
- Mar 30, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 30, 2017IntroReferralIntro-H
Introduced in House
- Mar 30, 2017IntroReferral1000
Introduced in House