To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Fact Sheet API

Bill Number

HR 4236

Introduced

Nov 4, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Agricultural machinery Agriculture and Food Commerce Depreciation and amortization Income tax Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.

Actions

Nov 4, 2005

Referred to the House Committee on Ways and Means.
Nov 4, 2005

Introduced in House

Amendments

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