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S 1781 98th Congress Senate Taxation Depreciation and amortization Income tax Motor Vehicles and Driving Motor buses Tax deductions Trucks

A bill to amend the Internal Revenue Code of 1954 to allow an amortization deduction for bus operating rights based on a 60-month period.

Introduced: August 4, 1983 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 20, 1983
Committee on Finance requested executive comment from OMB, Treasury Department.
Aug 4, 1983
Read twice and referred to the Committee on Finance.
Aug 4, 1983
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow an amortization deduction, based on a period of 60 months, for bus operating authorities held by the taxpayer on November 19, 1982, or acquired under a binding contract in effect on that date.

What's happening now August 20, 1983

Committee on Finance requested executive comment from OMB, Treasury Department.

 Committees of jurisdiction 1