Race Horse Cost Recovery Act of 2013

H.R. 2212 · 113th Congress · May 24, 2013 · Lineage

A BILL

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 2013”.

(a)

In general— Clause (i) of section 168(e)(3)(A) 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, 2013.