HR 4474
114th Congress
House
Taxation
Agricultural equipment and machinery
Business investment and capital
Income tax deductions
Fairness for Agricultural Machinery and Equipment Act
Introduced: February 4, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2016
Referred to the House Committee on Ways and Means.
Feb 4, 2016
Introduced in House
Plain-English summary
Fairness for Agricultural Machinery and Equipment Act
This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1