Senate Bill 1422
115th Congress(2017-2018)
Agriculture Equipment and Machinery Depreciation Act
Introduced
Introduced in Senate on Jun 22, 2017
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
1422
Congress
115
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.
No Senate votes have been held for this bill.
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.
June 22, 2017
06/22/2017
Read twice and referred to the Committee on Finance.
06/22/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:37:34 PM