What This Bill Does · Plain English
Summary
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Action Timeline
2025-02-07
Referred to the House Committee on Ways and Means.
2025-02-07
Introduced in House
2025-02-07
Introduced in House
Frequently Asked Questions
Did HR.1113 pass?
HR.1113 is still alive. Current stage: COMMITTEE. Pass likelihood: 40%.
Who sponsored HR.1113?
HR.1113 was sponsored by Andy Barr (R-Kentucky).
Full Bill Text
119 HR 1113 IH: Race Horse Cost Recovery Act of 2025 U.S. House of Representatives 2025-02-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 1113 IN THE HOUSE OF REPRESENTATIVES February 7, 2025 Mr. Barr (for himself and Mr. McGarvey ) 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. 1. Short title This Act may be cited as the Race Horse Cost Recovery Act of 2025 . 2. Three-year depreciation for race horses (a) In general Section 168(e)(3)(A)(i) 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, 2022.
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