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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Equine Tax Parity Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to reduce the holding period used to determine whether horses are section 1231 assets to 12 months.


Actions Overview (1)

Date
03/30/2017Introduced in House

All Actions (2)

Date
03/30/2017Referred to the House Committee on Ways and Means.
Action By: House of Representatives
03/30/2017Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means03/30/2017 Referred to

No related bill information was received for H.R.1805.


Subjects (4)


Latest Summary (1)

There is one summary for H.R.1805. View summaries

Shown Here:
Introduced in House (03/30/2017)

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).