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United States · Bill · HR

H.R. 15878 (93rd)

A bill to amend the Internal Revenue Code of 1954 to allow the amortization of certain expenditures for safety equipment over a 5-year period.

referredUnited States· United States Congress· EN

Introduced

11 July 1974

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Allows the amortization, under the Internal Revenue Code, of expenditures for safety equipment over a 5-year period. Provides that such deduction shall be in lieu of any depreciation deduction otherwise allowable for such expenditures. Defines the applicable expenditures.

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Documents

1 official file

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Sources

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