Neutral Cost Recovery Act of 2001

Fact Sheet API

Bill Number

HR 3042

Introduced

Oct 4, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Commerce Depreciation and amortization Income tax Minimum tax Tax deductions Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to require that the depreciation deduction for tangible property placed in service after 2001 be computed using neutral cost recovery ratios.

Actions

Oct 4, 2001

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

Introduced in House

Amendments

Related Bills