Bill118th CongressFiled Apr 27, 2023Taxation
H.R. 2926
Race Horse Cost Recovery Act of 2023
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 27, 2023)
Race Horse Cost Recovery Act of 2023
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, 2022, and race horses placed in service after December 31, 2021, that are more than two years old at the time they are placed in service.)
What just happenedApr 27, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Barr, Andy [R-KY-6](R-KY)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions
- Introduced in HouseApr 27, 2023
- Apr 27, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 27, 2023IntroReferralIntro-H
Introduced in House
- Apr 27, 2023IntroReferral1000
Introduced in House