To amend the Internal Revenue Code of 1986 to enhance the competitiveness of the United States leasing industry.

Fact Sheet API

Bill Number

HR 1492

Introduced

Apr 4, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Commerce Depreciation and amortization Exports Foreign Trade and International Finance Income tax Lease and rental services Tax deductions Tax-exempt organizations Taxation Taxation of foreign income

Full Text

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Votes

Summary

Amends Internal Revenue Code provisions concerning the accelerated cost recovery system to provide that the alternative depreciation system shall be used for tangible property leased to a foreign person or entity.

Actions

Apr 4, 2001

Referred to the House Committee on Ways and Means.
Apr 4, 2001

Introduced in House

Amendments

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