National Thoroughbred Racing Association: Three-Year Racehorse Depreciation Extension Signed Into Law by President
December 21, 2019
December 21, 2019
LEXINGTON, Kentucky, Dec. 21 -- The National Thoroughbred Racing Association issued the following news:
A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law by the President earlier Friday. The racehorse provision, which received bi-partisan support within both Houses of Congress, was passed by the Senate on Thursday by a vote of 71-23 and passed by the House of Representatives on Tuesday by a vote of 297-120.
&quo . . .
A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law by the President earlier Friday. The racehorse provision, which received bi-partisan support within both Houses of Congress, was passed by the Senate on Thursday by a vote of 71-23 and passed by the House of Representatives on Tuesday by a vote of 297-120.
&quo . . .