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HR 3671 114th Congress House Taxation Business investment and capital Income tax deductions Mammals Professional sports

Race Horse Cost Recovery Act of 2015

Introduced: October 1, 2015 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
Oct 1, 2015
Referred to the House Committee on Ways and Means.
Oct 1, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Race Horse Cost Recovery Act of 2015

This bill amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a three-year recovery period for any race horse. (Current law limits depreciation to race horses placed in service before January 1, 2015, and race horses that are more than two years old if placed in service after December 31, 2014.)

What's happening now October 1, 2015

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1