Rep. Barr Introduces Legislation to Increase Investment in Horse Racing
October 22, 2019
October 22, 2019
WASHINGTON, Oct. 22 -- Rep. Andy Barr, R-Kentucky, issued the following news release:
Congressman Andy Barr (R-KY) re-introduced the Race Horse Cost Recovery Act (H.R. 4786), legislation that would make the three-year depreciation schedule permanent for race horses, regardless of their age when put into service. This reform is needed as it confronts the unique realities those in the horse racing industry face and better reflects the useful life of the race horse. Rep. Barr's legisla . . .
Congressman Andy Barr (R-KY) re-introduced the Race Horse Cost Recovery Act (H.R. 4786), legislation that would make the three-year depreciation schedule permanent for race horses, regardless of their age when put into service. This reform is needed as it confronts the unique realities those in the horse racing industry face and better reflects the useful life of the race horse. Rep. Barr's legisla . . .