Senate Bill 1216
116th Congress(2019-2020)
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
Introduced
Introduced in Senate on Apr 11, 2019
Overview
Text
Sponsor
Introduced
Apr 11, 2019
Latest Action
Apr 11, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1216
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Oklahoma
No Senate votes have been held for this bill.
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 2017.)

Text (1)
April 11, 2019
Actions (2)
04/11/2019
Read twice and referred to the Committee on Finance.
04/11/2019
Introduced in Senate
Public Record
Created
Apr 12, 2019 4:57:11 AM
Updated
Jun 8, 2019 4:27:23 AM