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HR 2402 106th Congress House Taxation Building construction Building leases Business income tax Capital gains tax Commerce Construction costs Corporation taxes Depreciation and amortization Franchises (Retail trade) Income tax Office buildings Tax deductions Tax rates

Small Business Franchise Tax Relief Act of 1999

Introduced: June 30, 1999 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 30, 1999
Referred to the House Committee on Ways and Means.
Jun 30, 1999
Introduced in House
 Plain-English summary Congressional Research Service
Small Business Franchise Tax Relief Act of 1999 - Amends the Internal Revenue Code to establish certain franchise operations as 15-year property under the accelerated cost recovery system (ACRS). Establishes certain qualified leasehold improvement property as 10-year ACRS property. Excepts certain franchises from the general rule pertaining to the capital gain treatment on the transfer of franchises, trademarks, and trade names.
What's happening now June 30, 1999

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2