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116TH CONGRESS
1ST SESSION H. R. 4786
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery
period for all race horses.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 22, 2019
Mr. BARR introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
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 Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Race Horse Cost Re-
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covery Act of 2019’’.
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SEC. 2. THREE-YEAR DEPRECIATION FOR RACE HORSES.
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(a) IN GENERAL.—Section 168(e)(3)(A)(i) of the In-
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ternal Revenue Code of 1986 is amended to read as fol-
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lows:
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‘‘(i) any race horse,’’.
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall apply to property placed in service after
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December 31, 2017.
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