Skip to main content
S 1528 109th Congress Senate Taxation Agricultural subsidies Agriculture and Food Animals Capital gains tax Depreciation and amortization Disaster relief Emergency Management Feeds Horse racing Horses Income tax Livestock Sports and Recreation Tax deductions

Equine Equity Act of 2005

Introduced: July 28, 2005 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9293-9294)
Jul 28, 2005
Sponsor introductory remarks on measure. (CR S9293)
Jul 28, 2005
Introduced in Senate
 Plain-English summary Congressional Research Service

Equine Equity Act of 2005 - 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.

Directs the Secretary of Agriculture to include horses in livestock assistance, compensation, or feed programs. Amends certain agricultural acts to qualify horses for disaster and other assistance programs.

What's happening now July 28, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9293-9294)

 Committees of jurisdiction 1