HR 2456
103th Congress
House
Taxation
Air pollution control equipment
Air pollution measurement
Capital investments
Depreciation and amortization
Environmental Protection
Income tax
Minimum tax
Tax deductions
Water pollution control
Water pollution measurement
To amend the Internal Revenue Code of 1986 in order to provide an incentive for business to invest in pollution abatement property and related assets.
Introduced: June 17, 1993
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 1993
Referred to the House Committee on Ways and Means.
Jun 17, 1993
Sponsor introductory remarks on measure. (CR H3706)
Jun 17, 1993
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to classify certain environmental property used for pollution abatement as five-year depreciation property for purposes of the accelerated cost recovery system and the alternative depreciation system. Excepts such property from depreciation rules for purposes of adjustments in computing alternative minimum taxable income. Repeals the deduction for amortization of pollution control facilities.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1