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S 1422 115th Congress Senate

Agriculture Equipment and Machinery Depreciation Act

Official title: A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Introduced: June 22, 2017 Introduced by: Klobuchar, Amy Democratic · Minnesota See on congress.gov
Taxation Agricultural equipment and machineryBusiness investment and capitalIncome tax deductions
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jun 22, 2017
Read twice and referred to the Committee on Finance.
Jun 22, 2017
Introduced in Senate
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 Latest action June 22, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 3455 Related bill Fairness for Agricultural Machinery and Equipment Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1422: Agriculture Equipment and Machinery Depreciation Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1422/
MLA
"S. 1422: Agriculture Equipment and Machinery Depreciation Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1422/.
Bluebook (legal)
S. 1422, 115th Cong. (2026), https://openamerica.io/bill/115-S-1422/.
Markdown link
[S. 1422: Agriculture Equipment and Machinery Depreciation Act](https://openamerica.io/bill/115-S-1422/)
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