Retroactive Benefits for Horse Owners

From NTRA
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.