US HB2927 | 2023-2024 | 118th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 27 2023 - 25% progression, died in committee
Action: 2023-04-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 27 2023 - 25% progression, died in committee
Action: 2023-04-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to reduce the holding period used to determine whether horses are section 1231 assets to 12 months.
Title
Racehorse Tax Parity Act
Sponsors
| Rep. Garland Barr [R-KY] | Rep. Morgan McGarvey [D-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-04-27 | House | Referred to the House Committee on Ways and Means. |
| 2023-04-27 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/house-bill/2927/all-info |
| Text | https://www.congress.gov/118/bills/hr2927/BILLS-118hr2927ih.pdf |
