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HR 2485 107th Congress House

High Productivity Investment Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to allow advanced applied technology equipment to be expensed and to reduce the depreciation recovery periods for certain other property.

Introduced: July 12, 2001 See on congress.gov
Taxation AccountingBusiness income taxCAD/CAM systemsCommerce
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Computer integrated manufacturing systemsComputer softwareComputersDepreciation and amortizationElectric power productionEnergyEnvironmental ProtectionEnvironmental technologyEquipment and suppliesFiber opticsFinance and Financial SectorHealthHigh technologyHousing and Community DevelopmentHydroelectric powerImaging systems in medicineIncome taxIndustrial productivityLasersMedical suppliesMinimum taxNuclear power plantsRailroad engineeringReal propertyRental housingScience, Technology, CommunicationsScientific instruments and apparatusSemiconductor industryTax deductionsTelecommunication systemsTransportation and Public WorksTunnels
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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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 Latest action July 12, 2001

Referred to the House Committee on Ways and Means.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 1
R
Sessions, Pete
Texas · Sep 25, 2001
Isakson, Johnny
· Sep 21, 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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