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HR 2429 106th 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: July 1, 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
Jul 1, 1999
Referred to the House Committee on Ways and Means.
Jul 1, 1999
Introduced in House
 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.
What's happening now July 1, 1999

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1