A bill to amend the Internal Revenue Code of 1954 to provide that the investment tax credit shall apply to the acquisition of work and breeding horses to the extent that the cost of such horses does not exceed $100,000 for the taxable year.

referredUnited States· United States Congress· EN

Introduced

19 November 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to qualify work and breeding horses for investment tax credit treatment to the extent that the cost of such horses does not exceed $100,000 for the taxable year.

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Documents

1 official file

Introduced in House
summary · EN · 19 November 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/8368
Open data entity: https://api.congress.gov/v3/bill/96/hr/8368