US HB1112 | 2025-2026 | 119th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 7 2025 - 25% progression
Action: 2025-02-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Status: Introduced on February 7 2025 - 25% progression
Action: 2025-02-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Summary
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.
Title
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.
Sponsors
| Rep. Garland Barr [R-KY] | Rep. Morgan McGarvey [D-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-07 | House | Referred to the House Committee on Ways and Means. |
| 2025-02-07 | House | Introduced in House |
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/119th-congress/house-bill/1112/all-info |
