United States · Bill · HR
H.R. 998 (113th)
To amend the Internal Revenue Code of 1986 to reduce the holding period used to determine whether horses are section 1231 assets to 12 months.
Introduced
6 March 2013
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code, with respect to the preferential 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).
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Votes
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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 · 6 March 2013
Introduced in House (PDF)
Introduced in House · EN · 6 March 2013
Introduced in House
summary · EN · 6 March 2013
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/house-bill/998
- Open data entity: https://api.congress.gov/v3/bill/113/hr/998