'Equine Equity Act' Makes Key Progress

The Equine Equity Act, which reduces the capital gains holding period for horses and shortens the depreciation schedule for racehorses, is part of the 2007 Farm Bill and could be approved by the United States Senate in a few days.

The Senate voted Dec. 12 to include the provision in the Farm Bill, which covers a host of things including farm subsidies, food and nutritional programs, and

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