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S 1171 104th Congress Senate

Equine Tax Fairness Act of 1995

Official title: A bill to amend the Internal Revenue Code of 1986 to modify the application of the passive loss limitations to equine activities.

Introduced: August 10, 1995 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
Taxation Agriculture and FoodAnimalsBusiness lossesCommerce
More subjectsShow fewer subjects
Horse racingHorsesIncome taxPartnershipsSmall businessSports and RecreationStockholdersTax creditsTax deductions
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 1995
Read twice and referred to the Committee on Finance.
Aug 10, 1995
Sponsor introductory remarks on measure. (CR S12270-12271)
Aug 10, 1995
Introduced in Senate
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 Latest action August 10, 1995

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Equine Tax Fairness Act of 1995 - Amends Internal Revenue Code provisions limiting passive activity losses and credits to modify the definition of material participation with respect to the treatment of equine activities (breeding, racing, or showing horses).

 Related & companion bills 1
  • HR 2199 Identical bill Equine Tax Fairness Act of 1995
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1171: Equine Tax Fairness Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-S-1171/
MLA
"S. 1171: Equine Tax Fairness Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-1171/.
Bluebook (legal)
S. 1171, 104th Cong. (2026), https://openamerica.io/bill/104-S-1171/.
Markdown link
[S. 1171: Equine Tax Fairness Act of 1995](https://openamerica.io/bill/104-S-1171/)
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