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

6 February 1981

Last action

—

Status

Read second time and referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to qualify the acquisition of 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 Senate
summary · EN · 6 February 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/450
Open data entity: https://api.congress.gov/v3/bill/97/s/450