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S 700
112th Congress •
2011-2013 (Ended)
A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.
Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.
Actions
Mar 31, 2011
Read twice and referred to the Committee on Finance.