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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
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Mar 31, 2011
Read twice and referred to the Committee on Finance.
Mar 31, 2011
Introduced in Senate
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 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.

 Related & companion bills 1
  • HR 1747 Related bill To amend the Internal Revenue Code of 1986 to make permanent the rule treating certain farming business machinery and e…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 3
R
Thune, John
South Dakota · Mar 28, 2012
 D
Schumer, Charles E.
New York · May 2, 2011
 R
Crapo, Mike
Idaho · Apr 14, 2011
 R
Moran, Jerry
Kansas · Mar 31, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 700: 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.. 112th Congress. Open America. https://openamerica.io/bill/112-S-700/
MLA
"S. 700: 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.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-700/.
Bluebook (legal)
S. 700, 112th Cong. (2026), https://openamerica.io/bill/112-S-700/.
Markdown link
[S. 700: 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.](https://openamerica.io/bill/112-S-700/)
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