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S 1409 106th Congress Senate Taxation Agriculture and Food Animals Business income tax Capital gains tax Commerce Depreciation and amortization Horses Income tax Tax deductions

A bill to amend the Internal Revenue Code of 1986 to reduce from 24 months to 12 months the holding period used to determine whether horses are assets described in section 1231 of such Code.

Introduced: July 21, 1999 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 1999
Read twice and referred to the Committee on Finance.
Jul 21, 1999
Sponsor introductory remarks on measure. (CR S8956)
Jul 21, 1999
Introduced in Senate
 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to reduce from 24 to 12 months the holding period used to determine whether horses are section 1231 (property used in the trade or business and involuntary conversions) assets.
What's happening now July 21, 1999

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1