Skip to main content
S 885 111th Congress Senate Taxation Business investment and capital Income tax deductions Land use and conservation Roads and highways Transportation programs funding

Transportation Access for All Americans Act

Introduced: April 23, 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
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
 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.

What's happening now April 23, 2009

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

 Committees of jurisdiction 1