US HB3844 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on October 15 2009 - 25% progression, died in committee
Action: 2009-10-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code to allow: (1) increased depreciation of qualified noncommercial aircraft property placed in service in 2010 or 2011; and (2) a three-year recovery period for the depreciation of such property placed in service before 2015. Defines "qualified noncommercial aircraft property" as any aircraft that is not used in the trade or business of transporting persons or property and that is first used after 2009. Allows such increased depreciation as an offset against the alternative minimum tax.

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to provide a special depreciation allowance and recovery period for noncommercial aircraft property.

Sponsors


History

DateChamberAction
2009-10-15 Referred to the House Committee on Ways and Means.

Same As/Similar To

SB2723 (Same As) 2009-11-03 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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