To amend the Internal Revenue Code of 1986 to modify the depreciation of property used in the generation of electricity.

Summary

Amends the Internal Revenue Code, with respect to the accelerated cost recovery system, to: (1) add property used in the generation of electricity to the definition of seven-year property; and (2) with respect to the special rules for determining class life, deem such property to have a ten-year class life.

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

Timeline

1. 10 May 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E786)

   Source: IntroReferral

3. 10 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 May 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 May 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 May 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 May 2001

  Open at official source

Sponsors

• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Cardin, Benjamin L. [D-MD-3] · D · Cosponsor
• · hswm00 · Standing

Related records

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