118th Congress Taxation
H.R. 2926: Race Horse Cost Recovery Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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, 2022, and race horses placed in service after December 31, 2021, that are more than two years old at the time they are placed in service.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Morgan McGarvey D-KYOriginal
- Andrew Garbarino R-NY
Who scored on this bill
- 1Garland Barr SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Garland Barr
- H.R. 10184: Consumer Financial Protection Accountability and Reform Act of 2026
- H.R. 1653: Civil Investigative Demand Reform Act of 2025
- H.R. 5929: Critical Minerals Supply Chain Resiliency Act of 2026
- H.R. 7056: Community Bank Regulatory Tailoring Act
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- H.R. 6553: TIER Act of 2025
History
- Introduced in the House by Garland Barr.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.