HR 3992
105th Congress
House
Taxation
Business income tax
Commerce
Depreciation and amortization
Energy
Income tax
Petroleum industry
Petroleum storage
Tax deductions
To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.
Introduced: June 4, 1998
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 4, 1998
Referred to the House Committee on Ways and Means.
Jun 4, 1998
Sponsor introductory remarks on measure. (CR E1029)
Jun 4, 1998
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1