3.0.0 1528 2023-01-13T04:50:22Z 2023-01-13T04:50:22Z Senate S S 2005-07-28 109 ssfi00 Finance Committee Senate Standing Referred to 2005-07-28T20:05:11Z Equine Equity Act of 2005 109 4151 HR 2005-10-26 Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS Text similarities House 2005-07-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9293-9294) IntroReferral 2005-07-28 Sponsor introductory remarks on measure. (CR S9293) IntroReferral B00100 9 Library of Congress 2005-07-28 Introduced in Senate IntroReferral 10000 9 Library of Congress M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY N L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2005-07-28 True B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2005-07-28 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2006-02-28 False Taxation Agricultural subsidies Agriculture and Food Animals Capital gains tax Depreciation and amortization Disaster relief Emergency Management Feeds Horse racing Horses Income tax Livestock Sports and Recreation Tax deductions Taxation 00 2005-07-28 Introduced in Senate 2005-09-12T17:14:01Z Equine Equity Act of 2005 - Amends the Internal Revenue Code to: (1) treat any race horse as three-year property for depreciation purposes; and (2) reduce to 12 months the holding period for capital gains treatment of horses.

Directs the Secretary of Agriculture to include horses in livestock assistance, compensation, or feed programs. Amends certain agricultural acts to qualify horses for disaster and other assistance programs.

]]> Equine Equity Act of 2005 Display Title Equine Equity Act of 2005 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for the tax treatment of horses, and for other purposes. Introduced in Senate IS Short Titles as Introduced Equine Equity Act of 2005 Introduced in Senate 2005-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1528is/xml/BILLS-109s1528is.xml 2005-07-28 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9293-9294) 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.