3.0.0 4786 2022-11-01T04:17:47Z 2022-11-01T04:17:47Z House HR 2019-10-22 116 [Congressional Record Volume 165, Number 167 (Tuesday, October 22, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 4786.Congress has the power to enact this legislation pursuantto the following:Article 1. Section 8. Clause 1. The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States;[Page H8387]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-10-22T14:01:20Z 2019-10-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-10-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-22 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N Taxation Business investment and capital Income tax deductions Mammals Professional sports Taxation 00 2019-10-22 Introduced in House 2019-10-30T20:46:10Z Race Horse Cost Recovery Act of 2019

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, 2018, and race horses placed in service after December 31, 2017, that are more than two years old when placed in service by the purchaser.)

]]> Race Horse Cost Recovery Act of 2019 Display Title Race Horse Cost Recovery Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses. Introduced in House IH Short Title(s) as Introduced Race Horse Cost Recovery Act of 2019 Introduced in House IH Introduced in House 2019-10-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4786ih/xml/BILLS-116hr4786ih.xml 2019-10-22 Referred to the House Committee on Ways and Means. 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.