S 1461
111th Congress
Senate
Taxation
Business investment and capital
Fruit and vegetables
Income tax deductions
A bill to amend the Internal Revenue Code of 1986 to treat trees and vines producing fruit, nuts, or other crops as placed in service in the year in which it is planted for purposes of special allowance for depreciation.
Introduced: July 16, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2009
Read twice and referred to the Committee on Finance.
Jul 16, 2009
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to treat trees or vines producing fruit, nuts, or other crops as placed in service in the year in which they are planted for purposes of the additional 50% bonus depreciation allowance.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1