To amend the Internal Revenue Code of 1986 to increase the amount of depreciable business assets which may be expensed, and for other purposes.

Summary

Amends the Internal Revenue Code to increase the dollar limitation on the cost of property which may be expensed by businesses as depreciable assets. Increases the amount of such property that may be placed in service at which phaseout begins. Increases the limitation on the depreciation deduction for certain automobiles.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 May 1997

   Introduced

   Introduced in House

   Source: IntroReferral

2. 8 May 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 May 1997

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 May 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 May 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 May 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 May 1997

  Open at official source

Sponsors

• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Watts, J. C., Jr. [R-OK-4] · R · Sponsor
• Rep. Fox, Jon D. [R-PA-13] · R · Sponsor
• Sen. Graham, Lindsey [R-SC] · R · Sponsor
• Rep. Watkins, Wes [D-OK-3] · R · Cosponsor
• Sen. Wicker, Roger F. [R-MS] · R · Cosponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• Rep. Davis, Tom [R-VA-11] · R · Cosponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• · hswm00 · Standing

Related records

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