This legislative proposal seeks to modify the Internal Revenue Code of 1986 by establishing a uniform 3-year recovery period for all race horses. Currently, depreciation schedules for race horses can vary, and this amendment aims to simplify and standardize the tax treatment for these assets. Specifically, the bill amends Section 168(e)(3)(A)(i) of the Code to explicitly include "any race horse" under this accelerated depreciation schedule. This provision would apply retroactively to property, meaning race horses, placed in service on or after December 31, 2022 , potentially offering tax benefits to owners and breeders for recent acquisitions.