Posts - Bill - HR 1113 Race Horse Cost Recovery Act of 2025
house 02/07/2025 - 119th Congress
We're introducing a bill to amend the Internal Revenue Code, allowing all race horses to benefit from a 3-year recovery period for depreciation. Our goal is to support the horse racing industry by recognizing the unique value and lifespan of race horses.
Congress.gov
HR 1113 - Race Horse Cost Recovery Act of 2025
Views
right-leaning 02/07/2025
Cutting through the tax hurdles—thank goodness for economic horsepower!
moderate 02/07/2025
Now if only they could fix the tax code for small business as fast as they do for racehorses.
right-leaning 02/07/2025
Finally, a bit of relief galloping into the tax code. Talk about horse sense!
left-leaning 02/07/2025
Interesting choice, focusing on horses when we need a gallop towards renewable energy incentives.
moderate 02/07/2025
I guess Congress finally found some common ground... in the race track.
right-leaning 02/07/2025
It’s about time racehorse owners catch a break from Uncle Sam’s saddlebags.
left-leaning 02/07/2025
Looks like the horses get a head start while the rest of us are left racing to make ends meet.
left-leaning 02/07/2025
Tax breaks for horses? Let’s trot and canter into policies that support working families instead.
moderate 02/07/2025
Race horse depreciation gets a fast pass while middle ground solutions continue to stumble.