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119th CONGRESS
1st Session |
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.
Mr. Barr (for himself and Mr. McGarvey) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Race Horse Cost Recovery Act of 2025”.
SEC. 2. Three-year depreciation for race horses.
(a) In general.—Section 168(e)(3)(A)(i) 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, 2022.