Equine Equity Act of 2007
Latest action · Apr 30, 2007 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5309)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 30, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Apr 30, 2007 to Sep 5, 2007, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-AR | Blanche L. Lincoln | Original | Apr 30, 2007 |
| R-KY | Jim Bunning | Original | Apr 30, 2007 |
| D-SD | Tim Johnson | Sep 5, 2007 |
Actions 3
Everything that happened, newest first.
- Apr 30, 2007Introduced in Senate
- Apr 30, 2007Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5309)
- Apr 30, 2007Sponsor introductory remarks on measure. (CR S5309)
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 30, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.