,i #aacth ,,congress #ast ,session ,h4 ,r4 #bbab ,,in ,,the ,,house ,,of ,,representatives ,may #bd1 #bjac ,mr4 ,barr introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to allow a #c-year recovery period for all race horses4 #a4 ,short title ,this ,act may be cited as the ,race ,horse ,cost ,recovery ,act of #bjac4 #b4 ,three-year depreciation for race horses 7a7 ,in general ,clause 7i7 of section #afh7;e77#c77;,a7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7i7 any race horse1 4 7b7 ,effective date ,the amendments made by this section shall apply to property placed in service after ,december #ca1 #bjac4