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S 1245 102th Congress Senate

Amortization of Intangibles Clarification Act of 1991

Official title: A bill to amend the Internal Revenue Code of 1986 to clarify that customer base, market share, and other similar intangible items are amortizable.

Introduced: October 22, 1991 See on congress.gov
Taxation Business valuationDepreciation and amortizationIncome taxTax deductions
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 1992
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-807.
Mar 28, 1992
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-807.
Jun 6, 1991
Read twice and referred to the Committee on Finance.
Jun 6, 1991
Introduced in Senate
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 Latest action April 28, 1992

Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-807.

 Plain-English summary Congressional Research Service

Amortization of Intangibles Clarification Act of 1991 - Amends the Internal Revenue Code to allow the amortization of customer based, market share, and similar intangible items for purposes of the depreciation deduction.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 22, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1245: Amortization of Intangibles Clarification Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1245/
MLA
"S. 1245: Amortization of Intangibles Clarification Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1245/.
Bluebook (legal)
S. 1245, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1245/.
Markdown link
[S. 1245: Amortization of Intangibles Clarification Act of 1991](https://openamerica.io/bill/102-S-1245/)
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