House Bill 1805
115th Congress(2017-2018)
Equine Tax Parity Act of 2017
Introduced
Introduced in House on Mar 30, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1805
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Equine Tax Parity Act of 2017
This bill amends the Internal Revenue Code, with respect to the preferential tax treatment of gains and losses from the sale of depreciable property used in a trade or business, to eliminate "horses" from the definition of "livestock" (thus making the 24-month holding period requirement for livestock inapplicable to horses and allowing horses to be treated as capital assets subject to the existing 1-year holding period requirement).
March 30, 2017
03/30/2017
Referred to the House Committee on Ways and Means.
03/30/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:28 PM