H.R. 3671 · 114th Congress
Race Horse Cost Recovery Act of 2015
- Stage
- In committee
- Sponsor
- Andy Barr
- Introduced
- 2015-10-01
- Latest action
- 2015-10-01 · Introduced in House
Summary
Race Horse Cost Recovery Act of 2015
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 depreciation to race horses placed in service before January 1, 2015, and race horses that are more than two years old if placed in service after December 31, 2014.)