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]
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.
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
Sen. Amy Klobuchar [D-MN] | Sen. Saxby Chambliss [R-GA] | Sen. Thad Cochran [R-MS] | Sen. Mike Crapo [R-ID] |
Sen. Kay Hutchison [R-TX] | Sen. James Inhofe [R-OK] | Sen. Tim Johnson [D-SD] | Sen. Jerry Moran [R-KS] |
Sen. Pat Roberts [R-KS] | Sen. Charles Schumer [D-NY] | Sen. Debbie Stabenow [D-MI] | Sen. John Thune [R-SD] |
History
Date | Chamber | Action |
---|---|---|
2011-03-31 | Senate | Read 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
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/700/all-info |
Text | https://www.congress.gov/112/bills/s700/BILLS-112s700is.pdf |