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United States · Bill · HR

H.R. 3671 (114th)

Race Horse Cost Recovery Act of 2015

referredUnited States· United States Congress· EN

Introduced

1 October 2015

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

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.)

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Documents

3 official files

Introduced in House (text)

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Sources

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