H. R. 3671
IN THE HOUSE OF REPRESENTATIVES
October 1, 2015
Mr. Barr 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.
This Act may be cited as the
Race Horse Cost Recovery Act of 2015.
Three-year depreciation for race horses
Section 168(e)(3)(A)(i) of the Internal Revenue Code of 1986 is amended to read as follows:
any race horse,
The amendments made by this section shall apply to property placed in service after December 31, 2014.