Skip to main content
S 1341 106th Congress Senate Taxation Business income tax Capital gains tax Commerce Depreciation and amortization Income tax Tax deductions

Main Street Business Incentive Act of 1999

Introduced: July 1, 1999 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 1, 1999
Read twice and referred to the Committee on Finance.
Jul 1, 1999
Sponsor introductory remarks on measure. (CR S8137-8138)
Jul 1, 1999
Introduced in Senate
 Plain-English summary Congressional Research Service
Main Street Business Incentive Act of 1999 - Amends the Internal Revenue Code (IRC) to accelerate, from taxable years beginning in 2003 to taxable years beginning after December 31, 1998, the $25,000 maximum dollar limitation applicable to the expensing of certain depreciable assets under section 179 of the IRC. Expands the definition of section 179 property (while maintaining the exclusion for air conditioning and heating units) to include any tangible property used in a trade or business.
What's happening now July 1, 1999

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2