- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Ways and MeansIntroducedMay 24th, 2013
- house Committees
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Race Horse Cost Recovery Act of 2013
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.
Race Horse Cost Recovery Act of 2013 - Amends the Internal Revenue Code to modify the accelerated depreciation allowance for race horses to allow a 3-year recovery period for any race horse (currently, a race horse must be placed in service before January 1, 2014, and be more than 2 years old if placed in service after December 31, 2013).