Reps. Barr, McGarvey Reintroduce Bipartisan Legislation to Strengthen Kentucky's Equine Industry
February 08, 2025
February 08, 2025
WASHINGTON, Feb. 8 -- Rep. Andy Barr, R-Kentucky, issued the following news release on Feb. 7, 2025:
Today, Congressmen Andy Barr (KY-06) and Morgan McGarvey (KY-03), reintroduced two bipartisan bills to strengthen Kentucky's signature equine industry by incentivizing investment and ensuring tax fairness.
The Racehorse Cost Recovery Act would make permanent the three-year depreciation schedule for racehorses, regardless of their age when placed into service--elimin . . .
Today, Congressmen Andy Barr (KY-06) and Morgan McGarvey (KY-03), reintroduced two bipartisan bills to strengthen Kentucky's signature equine industry by incentivizing investment and ensuring tax fairness.
The Racehorse Cost Recovery Act would make permanent the three-year depreciation schedule for racehorses, regardless of their age when placed into service--elimin . . .