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H.R. 1113

U.S. House•In House Committee

Summary

H.R. 1113, the Race Horse Cost Recovery Act of 2025, was introduced in the House on Feb 7, 2025 by Rep. Garland Barr (R) with 1 co-sponsor. It was referred to Ways And Means, and last saw action on Feb 7, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 1113 has 1 co-sponsor.

hb1113/introduced-in-house.txt
119 HR 1113 IH: Race Horse Cost Recovery Act of 2025
 U.S. House of Representatives
 2025-02-07
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 1113  IN THE HOUSE OF REPRESENTATIVES   February 7, 2025   Mr. Barr  (for himself and  Mr. McGarvey ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.
1.
Short title
This Act may be cited as the   Race Horse Cost Recovery Act of 2025  .
2.
Three-year depreciation for race horses
(a)
In general
 Section 168(e)(3)(A)(i)  of the Internal Revenue Code of 1986 is amended to read as follows:
(i)
any race horse,
 .
(b)
Effective date
The amendments made by this section shall apply to property placed in service after December 31, 2022.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-07
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses.

Sponsors

Rep. Garland Barr (R) sponsors H.R. 1113, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 1113 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 7, 2025 · 1,160 Bills

Actions

H.R. 1113 has taken 2 actions since Feb 7, 2025.

ChamberAction
Feb 7, 2025
House
Introduced in House
Feb 7, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 1113 has not gone to a roll call.

Titles

H.R. 1113 goes by 3 titles, 1 of them short titles.

  • Race Horse Cost Recovery Act of 2025 — Display Title
  • Race Horse Cost Recovery Act of 2025 — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to allow a 3-year recovery period for all race horses. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 1 registered lobbyist who named H.R. 1113 in 2 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Agriculture, Animals, Financial Institutions/Investments/Securities, Gaming/Gambling/Casino, Immigration, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL THOROUGHBRED RACING ASSOCIATIONTrade association for the horse racing industry.Kentucky12$50K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
INVARIANT LLC12$50K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JORDAN BONFITTO112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL THOROUGHBRED RACING ASSOCIATIONINVARIANT LLC2026 second_quarter$40K2nd Quarter - Report
NATIONAL THOROUGHBRED RACING ASSOCIATIONINVARIANT LLC2026 first_quarter$10K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 1113 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1113’s is Taxation.

hr1113/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com