Bill116th CongressFiled Oct 22, 2019Taxation
H.R. 4786
Race Horse Cost Recovery Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 22, 2019)
Race Horse Cost Recovery Act of 2019
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, 2018, and race horses placed in service after December 31, 2017, that are more than two years old when placed in service by the purchaser.)
What just happenedOct 22, 2019
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 22, 2019
- Oct 22, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 22, 2019IntroReferralIntro-H
Introduced in House
- Oct 22, 2019IntroReferral1000
Introduced in House