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S 885 111th Congress Senate

Transportation Access for All Americans Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide special depreciation and amortization rules for highway and related property subject to long-term leases, and for other purposes.

Introduced: April 23, 2009 See on congress.gov
Taxation Business investment and capitalIncome tax deductionsLand use and conservationRoads and highwaysTransportation programs funding
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Apr 23, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4689)
Apr 23, 2009
Introduced in Senate
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 Latest action April 23, 2009

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4689)

 Plain-English summary Congressional Research Service

Transportation Access for All Americans Act - Amends the Internal Revenue Code to: (1) allow accelerated depreciation of applicable leased highway property; and (2) provide for amortization of intangibles relating to such property. Defines "applicable leased highway property" as property subject to a lease between a taxpayer and a governmental entity under which the taxpayer leases a highway and associated improvements, receives a right-of-way on public lands underlying such highway and improvements, and receives a grant of a franchise or other intangible right to receive payments relating to the operation of such highway. Prohibits private activity bond financing of applicable leased highway property.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 23, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 885: Transportation Access for All Americans Act. 111th Congress. Open America. https://openamerica.io/bill/111-S-885/
MLA
"S. 885: Transportation Access for All Americans Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-885/.
Bluebook (legal)
S. 885, 111th Cong. (2026), https://openamerica.io/bill/111-S-885/.
Markdown link
[S. 885: Transportation Access for All Americans Act](https://openamerica.io/bill/111-S-885/)
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