United States · Bill · HR
H.R. 2926 (118th)
Race Horse Cost Recovery Act of 2023
Introduced
27 April 2023
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
24 July 2024
Summary
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.)
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 27 April 2023
Introduced in House (PDF)
Introduced in House · EN · 27 April 2023
Introduced in House
summary · EN · 27 April 2023
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/house-bill/2926
- Open data entity: https://api.congress.gov/v3/bill/118/hr/2926