S. 1251 · 110th Congress
Equine Equity Act of 2007
- Stage
- In committee
- Sponsor
- Mitch McConnell
- Introduced
- 2007-04-30
- Latest action
- 2007-04-30 · Introduced in Senate
Summary
Equine Equity Act of 2007 - Amends the Internal Revenue Code to: (1) treat any race horse as three-year property for depreciation purposes; and (2) reduce to 12 months the holding period for capital gains treatment of horses.