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High Productivity Investment Act of 2001

Introduced: July 12, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 2001
Referred to the House Committee on Ways and Means.
Jul 12, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
High Productivity Investment Act of 2001 - Amends the Internal Revenue Code to establish two new depreciation provisions: (1) the rapid cost recovery system under which the cost of specified property may be depreciated more quickly than under current depreciation methods; and (2) the high productivity investment deduction under which the cost of specified property may be expensed.

Modifies the alternative minimum tax.

Directs the Secretary of the Treasury to establish a table showing classes of property and the modified class life of each class of property. Provides a schedule on which the Secretary's initial table shall be based.

What's happening now July 12, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
R
Sessions, Pete
Texas · Sep 25, 2001
 D
Lofgren, Zoe
California · Sep 6, 2001
 D
Neal, Richard E.
Massachusetts · Jul 12, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2485: High Productivity Investment Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2485/
MLA
"H.R. 2485: High Productivity Investment Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2485/.
Bluebook (legal)
H.R. 2485, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2485/.
Markdown link
[H.R. 2485: High Productivity Investment Act of 2001](https://openamerica.io/bill/107-HR-2485/)
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