S 1149
117th Congress
Senate
Taxation
Business investment and capital
Income tax deductions
Indian social and development programs
Minority and disadvantaged businesses
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Introduced: April 15, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Read twice and referred to the Committee on Finance.
Apr 15, 2021
Introduced in Senate
Plain-English summary
This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2021.)
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1