Senate Tax Bill Includes Shortening Of Holding Period For Horses

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The American Horse Council reports that the tax bill passed by the Senate on Friday, July 30, includes a provision that would shorten the holding period for horses from two years to one to realize capital gains treatment upon sale. The shortening of the holding period for horses was pushed by Senators Mitch McConnell (R-KY) and Jim Bunning (R-KY).

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