Skip to main content
S 700 112th Congress Senate Taxation Business investment and capital General agriculture matters Income tax deductions

A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Introduced: March 31, 2011 Introduced by: Klobuchar, Amy Democratic · Minnesota See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 2011
Read twice and referred to the Committee on Finance.
Mar 31, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.

What's happening now March 31, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 3