Race Horse Cost Recovery Act of 2015
Sponsored By: Representative Barr, Andy [R-KY-6]
Unknown
Summary
Race Horse Cost Recovery Act of 2015 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 depreciation to race horses placed in service before January 1, 2015, and race horses that are more than two years old if placed in service after December 31, 2014.)
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Barr, Andy [R-KY-6]
KY • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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