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HR 5314 111th Congress House Taxation Business investment and capital Income tax deductions Rural conditions and development

To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for nonresidential real property in rural areas.

Introduced: May 13, 2010 Introduced by: Smith, Adrian Republican · Nebraska 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
May 13, 2010
Referred to the House Committee on Ways and Means.
May 13, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide for accelerated depreciation (i.e., 15-year recovery period) for nonresidential real property placed in service in a rural area.

What's happening now May 13, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1