To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.

Summary

Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.

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

Timeline

1. 1 July 1999

   Introduced

   Introduced in House

   Source: IntroReferral

2. 1 July 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 July 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 July 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 July 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 July 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 July 1999

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Matsui, Robert T. [D-CA-3] · D · Sponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Sponsor
• Rep. Watkins, Wes [D-OK-3] · R · Sponsor
• Rep. Callahan, Sonny [R-AL-1] · R · Cosponsor
• Roger Wicker · R · Cosponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-15] · R · Cosponsor
• Rep. Tauzin, W. J. (Billy) [D-LA-3] · R · Cosponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.