S 1864
109th Congress
Senate
Taxation
Agricultural machinery
Agriculture and Food
Commerce
Depreciation and amortization
Income tax
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
Introduced: October 7, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 2005
Read twice and referred to the Committee on Finance.
Oct 7, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1