US SB947 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 15 2015 - 25% progression, died in committee
Action: 2015-04-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 15 2015 - 25% progression, died in committee
Action: 2015-04-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation. This bill amends the Internal Revenue Code to make permanent the special depreciation rules for property used predominantly within an Indian reservation and to permit a taxpayer to elect not to have such rules apply to any class of property for any taxable year.
Title
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Sponsors
| Sen. James Inhofe [R-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-15 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Business investment and capital
Income tax deductions
Indian social and development programs
Minority and disadvantaged businesses
Taxation
Income tax deductions
Indian social and development programs
Minority and disadvantaged businesses
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/947/all-info |
| Text | https://www.congress.gov/114/bills/s947/BILLS-114s947is.pdf |
