113 HR 2212 IH: Race Horse Cost Recovery Act of 2013 U.S. House of Representatives 2013-05-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 1st Session H. R. 2212 IN THE HOUSE OF REPRESENTATIVES May 24, 2013 Mr. Barr introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.

1.

Short title

This Act may be cited as the Race Horse Cost Recovery Act of 2013.

2.

Three-year depreciation for race horses

(a)

In general

Clause (i) of section 168(e)(3)(A) of the Internal Revenue Code of 1986 is amended to read as follows: (i)any race horse, . (b)

Effective date

The amendments made by this section shall apply to property placed in service after December 31, 2013.