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HR 2212 113th Congress House Taxation Business investment and capital Income tax deductions Mammals Professional sports

Race Horse Cost Recovery Act of 2013

Introduced: May 24, 2013 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2013
Referred to the House Committee on Ways and Means.
May 24, 2013
Introduced in House
 Plain-English summary Congressional Research Service

Race Horse Cost Recovery Act of 2013 - Amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a 3-year recovery period for any race horse (currently, a race horse must be placed in service before January 1, 2014, and be more than 2 years old if placed in service after December 31, 2013).

What's happening now May 24, 2013

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1