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S 675 105th Congress Senate Taxation Agriculture and Food Animal breeding Animals Business income tax Business losses Commerce Finance and Financial Sector Horse racing Horses Income tax Partnerships Small business Sports and Recreation Stockholders Tax credits Tax deductions

Equine Tax Fairness Act of 1997

Introduced: May 1, 1997 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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
May 1, 1997
Read twice and referred to the Committee on Finance.
May 1, 1997
Sponsor introductory remarks on measure. (CR S3901)
May 1, 1997
Introduced in Senate
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 Plain-English summary Congressional Research Service

Equine Tax Fairness Act of 1997 - 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).

What's happening now May 1, 1997

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 705 Identical bill Equine Tax Fairness Act of 1997
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 675: Equine Tax Fairness Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-S-675/
MLA
"S. 675: Equine Tax Fairness Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-675/.
Bluebook (legal)
S. 675, 105th Cong. (2026), https://openamerica.io/bill/105-S-675/.
Markdown link
[S. 675: Equine Tax Fairness Act of 1997](https://openamerica.io/bill/105-S-675/)
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