United States · Bill · HR
H.R. 5833 (117th)
Equine Tax Fairness Act
Introduced
3 November 2021
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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 makes permanent the 3-year recovery period for the depreciation of race horses.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 3 November 2021
Introduced in House (PDF)
Introduced in House · EN · 3 November 2021
Introduced in House
summary · EN · 3 November 2021
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/5833
- Open data entity: https://api.congress.gov/v3/bill/117/hr/5833