H.R.1804: Race Horse Cost Recovery Act of 2017

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Bill Summary

Race Horse Cost Recovery Act of 2017 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, 2017, and race horses placed in service after December 31, 2016, that are more than two years old when placed in service by the purchaser.)

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.1804.

Bill Actions

Date Description
March 30, 2017
Referred to the House Committee on Ways and Means.
March 30, 2017

Introduced in the House by Andy Barr (R-Ky.)

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