US SB700 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Republican 8-4)
Status: Introduced on March 31 2011 - 25% progression, died in committee
Action: 2011-03-31 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.

Tracking Information

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Title

A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Sponsors


History

DateChamberAction
2011-03-31SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1747 (Related) 2011-05-05 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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