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HR 4134 105th Congress House Taxation Business income tax Commerce Computer software Computers Costs Depreciation and amortization Income tax Science, Technology, Communications Small business Tax deductions Year 2000 computer problem

To amend the Internal Revenue Code of 1986 to permit year 2000 computer conversion costs to be expensed by small businesses under section 179 and to provide a $20,000 increase in the limitation under section 179 for such costs.

Introduced: June 24, 1998 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 1998
Referred to the House Committee on Ways and Means.
Jun 24, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) permit Year 2000 computer problem conversion costs to be expensed; and (2) increase, for 1998 and 1999, the limitation for such costs.

What's happening now June 24, 1998

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1