HR 2927 118th Congress House Taxation

Racehorse Tax Parity Act

Introduced: April 27, 2023 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov

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

Equine Tax Fairness Act

This bill modifies the 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 for long-term capital gains).

What's happening now April 27, 2023

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Cosponsors 1

McGarvey, Morgan

Kentucky · Apr 27, 2023

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APA

U.S. Congress. (2026). H.R. 2927: Racehorse Tax Parity Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2927/

MLA

"H.R. 2927: Racehorse Tax Parity Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2927/.

Bluebook (legal)

H.R. 2927, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2927/.

Markdown link

[H.R. 2927: Racehorse Tax Parity Act](https://openamerica.io/bill/118-HR-2927/)