HR 1112
Racehorse Tax Parity Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:46 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Racehorse Tax Parity Act aims to simplify the tax treatment of racehorses for owners. Currently, horse owners must hold their horses for at least one year to qualify for favorable tax treatment under Section 1231 of the Internal Revenue Code. This bill would reduce that holding period to 12 months, making it easier for owners to sell racehorses and potentially receive a capital gain. This change is intended to align the tax rules for racehorses with those for other types of livestock and equipment.
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