HORSEPLOP.COM
General Category => Harness Racing => Topic started by: Sakit on September 19, 2025, 11:24:37 AM
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Specifically, the bill provided 100 percent “bonus depreciation” to classes of assets including sport or breeding horses, allowing buyers to write off the upfront cost of a horse in its first year. It also contained beneficial language for the definition of the types of horses that are eligible for bonus depreciation – previous language included the term “racehorse,” which in some IRS offices meant a horse that had started in a race. The new language applies to any horse meant for racing, allowing depreciation to kick in once the horse begins training for its racing career.
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it is just another scheme for the "rich to get richer"
tax breaks for the super-wealthy is what America is all about
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If this is true the horses are the losers. Already being loaded up & this provides more incentive for the cheats.