WASHINGTON, D.C. (Dec. 22, 2015) -- Legislation passed by Congress and signed by the president last week includes investment incentives and tax provisions that impact owners and breeders. This legislation provides multi-year benefits made retroactive to January 1, 2015, and includes:
- Three-year depreciation for racehorses
- 50 percent bonus depreciation for new depreciable property
- $500,000 Sec. 179 expense allowance for new or used depreciable property
Click here to download a flyer that includes details.
The NTRA suggests that owners and breeders consult their tax advisor for additional information.