Race Horse Cost Recovery Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Feb 7, 2025
What it does
The Race Horse Cost Recovery Act of 2025 would amend the Internal Revenue Code to allow a three-year depreciation recovery period for all race horses, replacing the current longer recovery period. This change would apply to race horses placed in service after December 31, 2022, enabling owners to deduct the cost of these animals more quickly for tax purposes. The bill affects individuals and businesses involved in breeding, owning, or operating race horses by accelerating their tax deductions. It was introduced in the House and referred to the Committee on Ways and Means for further consideration.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.