S 2202
114th Congress
Senate
Taxation
Agricultural equipment and machinery
Business investment and capital
Income tax deductions
Agriculture Equipment and Machinery Depreciation Act
Introduced: October 22, 2015
Introduced by:
Klobuchar, Amy
Democratic
· Minnesota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 22, 2015
Read twice and referred to the Committee on Finance.
Oct 22, 2015
Introduced in Senate
Plain-English summary
Agriculture Equipment and Machinery Depreciation 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1