S 494
113th Congress
Senate
Taxation
Agricultural prices, subsidies, credit
Business investment and capital
Income tax deductions
Livestock
A bill to amend the Internal Revenue Code of 1986 to expand the types of livestock for which bonus depreciation is available.
Introduced: March 7, 2013
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2013
Read twice and referred to the Committee on Finance.
Mar 7, 2013
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow the special depreciation allowance (bonus depreciation) for dairy producing calves and cows purchased for business use, regardless of whether the original use of such livestock commenced with another taxpayer.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1