US SB1216 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2017.)
Title
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Sponsors
Sen. James Inhofe [R-OK] |
History
Date | Chamber | Action |
---|---|---|
2019-04-11 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Business investment and capital
Income tax deductions
Indian social and development programs
Minority and disadvantaged businesses
Taxation
Income tax deductions
Indian social and development programs
Minority and disadvantaged businesses
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1216/all-info |
Text | https://www.congress.gov/116/bills/s1216/BILLS-116s1216is.pdf |