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- H.R.5833
H.R.5833: Equine Tax Fairness Act
About This Bill
- Introduced Nov. 3, 2021
- Latest Major Action Nov. 3, 2021
Bill Sponsor
Bill Version
- Introduced in House - Nov. 3, 2021
Bill Summary
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). The bill also...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Nov. 3, 2021 |
Referred to the House Committee on Ways and Means.
|
Nov. 3, 2021 |
Introduced in the House by Andy Barr (R-Ky.) |