S 1759 · 108th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to reduce the holding period to 12 months for purposes of determining whether horses are section 1231 assets.

Introduced 2003-10-20· Sponsored by Sen. Bunning, Jim [R-KY]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2003-10-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce from 24 to 12 months the holding period used to determine whether horses are section 1231 (property used in the trade or business and involuntary conversions) assets.…

Summarized by Claude AI · Non-partisan · For informational purposes only