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Referenced Laws
Section 168(e)(3)(A)(i)
Section 1
1. Short title This Act may be cited as the Race Horse Cost Recovery Act of 2023.
Section 2
2. Three-year depreciation for race horses Section 168(e)(3)(A)(i) of the Internal Revenue Code of 1986 is amended to read as follows: any race horse, The amendments made by this section shall apply to property placed in service after December 31, 2020. (i)any race horse,.