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HR 2926 118th Congress House Taxation

Race Horse Cost Recovery Act of 2023

Introduced: April 27, 2023 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2023
Referred to the House Committee on Ways and Means.
Apr 27, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Race Horse Cost Recovery Act of 2023

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 the three-year recovery period to race horses placed in service before January 1, 2022, and race horses placed in service after December 31, 2021, that are more than two years old at the time they are placed in service.)

What's happening now April 27, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Garbarino, Andrew R.
New York · May 22, 2023
 D
McGarvey, Morgan
Kentucky · Apr 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2926: Race Horse Cost Recovery Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2926/
MLA
"H.R. 2926: Race Horse Cost Recovery Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2926/.
Bluebook (legal)
H.R. 2926, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2926/.
Markdown link
[H.R. 2926: Race Horse Cost Recovery Act of 2023](https://openamerica.io/bill/118-HR-2926/)
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