HR 1805
115th Congress
House
Taxation
Capital gains tax
Mammals
Professional sports
Equine Tax Parity Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2017
Referred to the House Committee on Ways and Means.
Mar 30, 2017
Introduced in House
Plain-English summary
Equine Tax Parity Act of 2017
This bill amends the Internal Revenue Code, with respect to the preferential tax treatment of gains and losses from the sale of depreciable property used in a trade or business, to eliminate "horses" from the definition of "livestock" (thus making the 24-month holding period requirement for livestock inapplicable to horses and allowing horses to be treated as capital assets subject to the existing 1-year holding period requirement).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1