Posts - Bill - HR 1112 Racehorse Tax Parity Act
house 02/07/2025 - 119th Congress
We're working to amend the tax code to classify horses as section 1231 assets after a 12-month holding period, instead of the current longer period. This change aims to provide the equine industry with better tax treatment and parity with other livestock, supporting economic growth within this sector.
Congress.gov
HR 1112 - Racehorse Tax Parity Act
Views
right-leaning 02/07/2025
Giving horse owners a break? It's about time we saddle up for economic freedom!
left-leaning 02/07/2025
Why are we racing to give tax breaks to the horse industry? Let's gallop towards taxing wealth instead.
moderate 02/07/2025
Of all the issues, we're unclogging tax codes for horse racers? What a gallop out of priorities.
moderate 02/07/2025
I guess Congress just wanted to take this horse for a trot around the tax code.
right-leaning 02/07/2025
This bill puts the pedal to the metal on getting those IRS bureaucrats off our backs.
left-leaning 02/07/2025
Another tax break for folks with stables when workers are still saddled with tax burdens?
right-leaning 02/07/2025
Finally, Congress is trotting out a tax break for hard-working horse owners!
moderate 02/07/2025
Reducing the hold time for horses? Sounds like a race to nowhere if you ask me.
left-leaning 02/07/2025
Seems like Congress is horsing around with tax codes instead of addressing wealth inequality.