A bill to amend the Internal Revenue Code of 1954 to provide for a 1-year amortization of property which is used in connection with a plant or other property in operation before January 1, 1978, and which is required with respect to such plant or other property pursuant to the Occupational Safety and Health Act of 1970.

referredUnited States· United States Congress· EN

Introduced

22 February 1978

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow the amortization over a 12-month period of depreciable tangible property which is required to be used in a plant or other facility by the Occupational Safety and Health Act of 1970 and which does not have any economic usefulness to the taxpayer.

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Documents

1 official file

Introduced in House
summary · EN · 22 February 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/11078
Open data entity: https://api.congress.gov/v3/bill/95/hr/11078