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- H.R.3671
H.R.3671: Race Horse Cost Recovery Act of 2015
About This Bill
- Introduced Oct. 1, 2015
- Latest Major Action Oct. 1, 2015
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
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.)
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 1, 2015 |
Referred to the House Committee on Ways and Means.
|
| Oct. 1, 2015 |
Introduced in the House by Andy Barr (R-Ky.) |