U.S. Rep. Andy Barr, a Kentucky Republican and chairman of the Congressional Horse Caucus, introduced three bills March 30 that would make simple tax code reforms designed to encourage greater investment and participation in the horse industry.
United States Representative Andy Barr of Kentucky has reintroduced two bills that would amend the Internal Revenue Code of 1986 to benefit racehorse owners.
Congressman Andy Barr (R-KY) introduced the Equine Tax Parity Act (H.R. 998) March 6, legislation that would reduce the capital gains holding period for horses from 24 months to 12 months.
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