United States · Bill · HR
H.R. 2377 (96th)
A bill to amend the Internal Revenue Code of 1954 to provide for the amortization of new coal mining equipment ratably over a 12-month period.
Introduced
26 February 1979
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
States the findings of Congress that: (1) the expansion of coal mining capacity is essential to increased energy supplies; (2) initial capital costs for new mines are increasing rapidly; and (3) a large portion of capital costs are represented by the purchase of coal mining equipment. Amends the Internal Revenue Code to allow a taxpayer to elect an income tax deduction with respect to the amortization of coal mining equipment over a 12-month period.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 26 February 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/2377
- Open data entity: https://api.congress.gov/v3/bill/96/hr/2377