HR 2926 United States House · 118th Congress

Race Horse Cost Recovery Act of 2023

Summary

Race Horse Cost Recovery Act of 2023 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 the three-year recovery period to race horses placed in service before January 1, 2022, and race horses placed in service after December 31, 2021, that are more than two years old at the time they are placed in service.)

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2023

Committee Review

Floor Vote

President

Introduced Apr 27, 2023 Last action Apr 27, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 27, 2023

Committee

Referred to the House Committee on Ways and Means.

lower

Apr 27, 2023

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors