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Race Horse Cost Recovery Act of 2025
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.
Summary
This bill amends the tax code to allow race horse owners to depreciate the cost of race horses over a three-year period for tax purposes. Currently, race horses fall into longer depreciation schedules under the Internal Revenue Code. The change applies to race horses placed in service after December 31, 2022, allowing owners to recover their investment costs more quickly.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Barr, Andy [R-KY-6] (R-KY)
1 cosponsor
Money behind the sponsor
Top reported contributors to Andy Barr’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $274,323
- BANC OF CALIFORNIA $60,083
- APOLLO GLOBAL MANAGEMENT $32,200
- BLACKSTONE $28,900
- WELLS FARGO $23,366
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Andy Barr → · Outside spending →
Actions (2)
- Feb 7, 2025 Referred to the House Committee on Ways and Means. · house
- Feb 7, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Race Horse Cost Recovery Act of 2025”.
SEC. 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. <all>
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