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]
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.
Title
To amend the Internal Revenue Code of 1986 to provide a special depreciation allowance and recovery period for noncommercial aircraft property.
Sponsors
Rep. John Barrow [D-GA] | Rep. Todd Tiahrt [R-KS] |
History
Date | Chamber | Action |
---|---|---|
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
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/3844/all-info |
Text | https://www.congress.gov/111/bills/hr3844/BILLS-111hr3844ih.pdf |