The Long-Term Holding Period Under § 1231 for Cattle and Horses

question 33

True/False

The long-term holding period under § 1231 for cattle and horses is 12 months; for other livestock, 24 months.

---

Definitions:

Federal Troops

Military forces deployed by a federal government, often used to maintain order, defend national interests, or enforce laws and decisions.

Wobblies

A nickname for members of the Industrial Workers of the World (IWW), an international labor union founded in 1905, known for its radical labor activism.

Samuel Gompers

An American labor leader and the first president of the American Federation of Labor, who promoted organized labor and labor rights in the late 19th and early 20th centuries.

Class Collaborator

A person from a particular social or economic class who works with members from another class, often in a political or economic context.