Race Horse Cost Recovery Act of 2025
Race Horse Cost Recovery Act of 2025
Plain Language Summary
# Race Horse Cost Recovery Act of 2025 - Summary **What the Bill Would Do:** The Race Horse Cost Recovery Act of 2025 (HR 1113) aims to provide tax relief for people involved in horse racing. While the bill's specific details aren't fully detailed in the available information, the title suggests it would allow horse owners, breeders, and racing operations to recover costs—likely through tax deductions or credits—related to raising, training, and racing thoroughbreds or other racing horses. **Who It Affects:** This bill primarily impacts the horse racing industry, including individual horse owners, breeding operations, training facilities, and racing stables. It could indirectly affect racetracks, racing employees, and communities dependent on horse racing as an economic activity. **Current Status:** The bill was introduced by Rep.
Andy Barr (R-Kentucky) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House. At this stage, the bill has not advanced to a vote. *Note: Complete details about specific provisions are limited in the available information. For full legislative details, the official Congress.gov website would provide the complete text and any amendments.*.
Latest Action
Referred to the House Committee on Ways and Means.