Equine Equity Act of 2007 - Amends the Internal Revenue Code to: (1) treat any race horse as three-year property for depreciation purposes; and (2) reduce to 12 months the holding period for capital gains treatment of horses.
Actions
Apr 30, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5309)
Apr 30, 2007
Sponsor introductory remarks on measure. (CR S5309)