# 119-hr-1112: Racehorse Tax Parity Act

119-hr-1112, Racehorse Tax Parity Act, is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1112
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1112
- Congress: 119
- Title: Racehorse Tax Parity Act
- Status: introduced
- Introduced: 2025-02-07
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would set a 12-month holding period for horses to qualify as Section 1231 assets.** It amends Internal Revenue Code section 1231(b)(3) by removing the phrase "and horses" and would apply to taxable years beginning after December 31, 2024.

## Cosponsors (1)

- Rep. McGarvey, Morgan [D-KY-3] (D-KY), 2025-02-07T00:00:00.000Z

## Provisions PRIA read

- Shorter tax holding period for horse sales: mixed, low. If enacted, this would cut the holding period for horses from 24 months to 12 months to get special business-asset tax treatment. Owners who sell horses held more than 12 months would get section 1231 treatment, which often means lower long-term capital gains tax on net gains and ordinary loss dedu…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-2405: The White Oak Resilience Act

## Sources
- [119-hr-1112 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1112)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2405: The White Oak Resilience Act](https://policyrisk.com/legislation/119-hr-2405)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1112 (as of 2025-12-21).