3-YEAR DEPRECIATION FOR RACE HORSES THAT ARE 2-YEARS OLD OR YOUNGER.

SEC. 15344. 3-YEAR DEPRECIATION FOR RACE HORSES THAT ARE 2-YEARS OLD OR YOUNGER.(a) In General.—Clause (i) of section 168(e)(3)(A) (relating to 3-year property) is amended to read as follows:“(i) any race horse—“(I) which is placed in service before January 1, 2014, and“(II) which is placed in service after December 31, 2013, and which is more than 2 years old at the time such horse is placed in service by such purchaser,”.(b) Effective Date.—The amendment made by this section shall apply to property placed in service after December 31, 2008.